— €300m Bond Issue

€300m Bond Issue.

  28 October 2019
FFP communication
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Success of FFP’s inaugural 7-year €300 million bond issue

FFP announces that it has completed the placement of an inaugural €300 million bond issue, maturing in 7 years (October 2026) and bearing a fixed annual coupon of 1.875%.

The success of this inaugural transaction, for an unrated issuer, illustrates investors’ confidence in FFP’s strategy and credit profile. This bond issue will allow FFP to extend the average maturity of its indebtedness and further diversify its sources of financing.

The net proceeds of this issue will be used for the general corporate purposes of the company in order to pursue its strategy as a long-term minority investor.

The settlement will occur on 30 October 2019. The bonds will then be traded on Euronext Paris.

BNP Paribas, Crédit Agricole CIB and Natixis acted as joint bookrunners.

Commenting on this transaction, Robert Peugeot, FFP’s Chairman and CEO, stated: “I am delighted with the successful placement of this inaugural public bond issue which demonstrates investors’ confidence in the model of FFP, a diversified investment company. This issue allows us to increase our sources of financing and extend the maturity of our indebtedness. FFP manages its balance sheet prudently, and will continue to use measured indebtedness as a source of flexibility for its investment transactions”.