Clifford Chance
Clifford Chance advises Carrefour Banque on the placement of its inaugural issue of €600 million of 3-year bonds
8 October 2012
Clifford Chance advises Carrefour Banque on the placement of its inaugural issue of €600 million of 3-year bonds
On 25 September 2012, Carrefour Banque successfully placed its inaugural institutional bond issue of €600 million which was heavily oversubscribed with an order book of around €5.7 billion. The proceeds of such bond issue will be for general purposes including assisting in compliance with the Basel III liquidity ratios.
The bonds are listed on on the Official List of the Luxembourg Stock Exchange and to trading on the Euro MTF market and rated "BBB+" by Standard & Poor’s. The bonds mature in 2015 and have an interest rate of 2.875%. Carrefour Banque was advised by Cédric Burford (partner) and Gemma Doyle at Clifford Chance.
