Carrefour expects to accept €150.08 million 2.875% notes for purchase

By Angela McDaniels

Tacoma, Wash., July 21 – Carrefour Banque received tenders for €287,082,000 principal amount of its €710 million 2.875% bonds due Sept. 25, 2015 and expects to accept €150,077,000 principal amount of those notes for purchase, according to a company news release.

The company offered to repurchase up to €150 million principal amount of the notes.

The tender offer expired at 10 a.m. ET on July 16. The company expected to determine pricing at 7 a.m. ET on July 17, to announce the final results of the offer shortly thereafter and to settle the offer on July 21.

The dealer managers are Banco Bilbao Vizcaya Argentaria, SA (+44 (0)20 7648 7516 or liabilitymanagement@bbva.com), Banco Santander, SA (+44 (0) 207756 6909 or tommaso.grospietro@santandergbm.com), BNP Paribas ( +44 (0)20 7595 8668 or liability.management@bnpparibas.com) and Credit Agricole Corporate and Investment Bank ( +44 207 214 6712 or liability.management@ca-cib.com). The tender and information agent is Lucid Issuer Services Ltd. (+44 20 7704 0880 or carrefour@lucid-is.com).

Carrefour Banque offers banking and insurance services and is a subsidiary of Paris-based retailer Carrefour SA.

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