Banque PSA €1.8 billion tender offer

Overview:

• Banque PSA , the wholly owned financial subsidiary of Peugeot and Citroen, successfully launched a tender offer for existing notes. 
• The offer relates to bond issues due June and September 2015, as well as two notes guaranteed by the French that were due in April 2016 and July 2017.
• The tender amount was €1.8 billion. 

John Crabb - Journalist