Paris, April 13th, 2012
PPR: 500m bond issue
PPR has issued a 500m, 3.125% fixed-rate bond maturing in
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
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.
Press : Paul Michon + 33 (0)1 45 64 63 48 [email protected]
Alexandre de Brettes
+ 33 (0)1 45 64 61 20
+ 33 (0)1 45 64 61 49
+ 33 (0)1 45 64 63 28
[email protected] [email protected]
"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