Casino successfully issued a new long 10 year €650 million bond.
This new bond has been more than twice oversubscribed by a diversified investor base and will pay a coupon of 2.33%, the lowest coupon ever for the Group.
This operation strengthens the Group’s liquidity and extends the average maturity of Casino’s bond debt from 5.9 to 6.3 years. Proceeds will be used for General Corporate Purposes including repayments of maturing debt.
Casino is rated BBB- stable by Standard & Poor’s and Fitch Ratings.
Bank of America Merrill Lynch, CM-CIC, Credit Suisse, Deutsche Bank, Natixis and Société Générale acted as joint bookrunners.
