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Crédit Agricole CIB takes part in Casino's successful bond exchange deal
Crédit Agricole CIB acted as the lead bank alongside BNP Paribas, JP Morgan, Natixis, RBS and Société Générale in the bond exchange transaction launched by Casino on January 26, 2010. The deal successfully closed on February 3 and was related to bonds reaching maturity in 2012 and 2013.
In exchange for the securities brought in, there was a new issue of EUR 888 million in bonds maturing in February 2017.
The exchange offer met with considerable success, attracting a total of around EUR 1.5 billion or nearly double the proposed amount.
The deal made it possible to reduce the amount of bonds maturing in 2012 and 2013 by EUR 440 million and EUR 354 million, respectively.
The Group’s debt profile was thus improved and its maturity extended.