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PSA Peugeot Citroen begins tender offer
By Angela McDaniels
Tacoma, Wash., Sept. 10 - PSA Peugeot Citroen SA is offering to buy back several of its outstanding lines, according to a company news release.
The buyback was launched simultaneously with a new bond issue. The company offered €600 million of 6½% bonds due January 2019.
BNP Paribas, HSBC, Societe Generale and Raiffeisen Bank International AG are the dealer managers for the tender offer.
PSA Peugeot Citroen is a Paris-based automaker.
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