Successful 10-year bond issue of € 850 million

Casino successfully issued today a new 10-year bond of €850 million.

In this respect, €300 million of the bonds maturing in February 2012 (with a coupon of 6.0%), April 2013 (with a coupon of 6.375%) and April 2014 (with a coupon of 4.875%) were exchanged.
The new €850 million bond issue maturing in 2021 has a 4.726% coupon, equivalent to mid-swap +130bp. Significantly oversubscribed, it also enabled to raise €530 million of new money.

The average maturity of the Group’s bond debt is extended to 4.6 years (vs 3.4 years previously) and its average financing cost optimized.

The deal was led by Citi, Deutsche Bank, HSBC, JPMorgan, Natixis, and RBS acted as joint bookrunners.

Casino Group is rated BBB- stable by Fitch Ratings and Standard & Poor’s

Paris, 18 May 2011
Investor Relations

Régine GAGGIOLI
rgaggioli@groupe-casino.fr
+33 (0)1 53 65 64 17

Aline NGUYEN
anguyen@groupe-casino.fr
+33 (0)1 53 65 64 85

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