Auchan Group successfully launched on Wednesday, December 5, a 10-year € 750M bond issue at a historically low rate of 2.375%.Auchan thus took advantages of such low interest rates to secure the Group’s needs for cash and to refinance the acquisition of Real’s 91 hypermarkets and 13 schopping centres, whose agreement was signed on Friday, November 30, 2012.

This largely oversubscribed bond issue confirms the interest of investors for Auchan Group, 57% of this bond issue being placed to foreign investors.

Auchan therefore reinforces its financial strength thanks to a long and well spread in time bond schedule.

Related posts

Waitrose rolls out ready-made Pancakes ahead of Pancake Day

admin

Despite Brexit: Aldi wants to open 100 new branches in Great Britain

ISN Souissi

Recyclable/biodegradable shopping bags made with innovative British technology should be exempt from 5p charge

admin

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.