Casino Guichard-Perrachon: Combined Bond Exchange and Tender Offers & New Issue

Casino successfully completed a Liability Management transaction on three bonds maturing in 2012 and 2013 in order to extend the average maturity of its debt and manage its bond redemptions by taking advantage of current favourable market conditions.

The offers achieved a strong overall participation rate of 61% and generated a positive momentum on the new 7-year bond issue which was hugely oversubscribed (8x).