April 24, 2015


BOURBON has announced an increase €20 million to its perpetual deeply-subordinated notes (Titres Super Subordonnés à Durée Indéterminée - TSSDI). This transaction, initiated by an investor, confirms once again the strong interest in BOURBON by institutional investors.

These perpetual notes, accounted for as equity under IFRS standards, are callable by BOURBON at par starting in October 2017. They bear a fixed semi-annual coupon of 4.70% till this same date, payment of which is mandatory if dividends are paid.

With this transaction, the group continues to optimize the company’s balance sheet structure, further diversifying its funding sources and thus demonstrating its ability to manage debt in a dynamic manner.

The operation was conducted by Oddo & Cie, with advice being provided by White & Case LLP and is listed on the unregulated Alternext market.