on CREDIT COOPERATIF
La Poste SA: Results of the offer to buy back super subordinated bonds
La Poste SA has announced the final results of its offer to repurchase the deeply subordinated bonds issued in 2018, amounting to €750 million. These perpetual bonds bore interest at a resettable fixed rate. This operation followed the successful placement of new bonds of the same amount. The latter, oversubscribed 2.9 times, met with strong interest in France and internationally, particularly in Germany, Austria and Switzerland. The repurchase deadline was January 14, 2025, with €404.1 million of bonds repurchased. €345.9 million will remain outstanding after the cancellation.
R. E.
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