PRESS RELEASE
Paris, April 13th, 2012
PPR: €500m bond issue
PPR has issued a €500m, 3.125% fixed-rate bond maturing in
April 2019.
This issue, in line with the Group's active liquidity
management, enables PPR to diversify its sources of financing
and to enhance its funding flexibility through refinancing of
existing debt and extension of their average maturity.
The great success of this issue with investors confirms the
confidence of the market in the creditworthiness of the
Group. PPR's long-term debt is rated BBB with stable outlook
by Standard & Poor's.
The placement is managed by BNP Paribas, HSBC, Mediobanca,
Mitsubishi UFJ Securities, RBS, Santander Global Banking and
Markets, UniCredit.
About PPR
The PPR Group empowers a coherent ensemble of Luxury and Sport & Lifestyle premium brands, specializing in apparel and accessories, to reach their full growth potential. Distributed in more than 120 countries, PPR generated revenues of €12.2 billionin 2011 and had over 47,000 employees at year end. The PPR share is listed on Euronext Paris (FR 0000121485, PRTP.PA, PPFP).
Find out more on Gucci, Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Stella McCartney, Boucheron, Girard-Perregaux, JeanRichard, Sergio Rossi, Puma, Volcom, Cobra, Electric, Tretorn and Fnac at www.ppr.com.
Contacts
Press : Paul Michon + 33 (0)1 45 64 63 48 pmichon@ppr.com
Analysts/Investors :
Hélène Saint-Raymond
Alexandre de Brettes
Edouard Crowley
+ 33 (0)1 45 64 61 20
+ 33 (0)1 45 64 61 49
+ 33 (0)1 45 64 63 28
hsaint-raymond@ppr.com adebrettes@ppr.com
ecrowley@ppr.com
Website:
www.ppr.com"This press release is a free translation of the French original press release. The original French version of this press release is available on our website at www.ppr.com "
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