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La Poste SA Concludes Successful Tender Offer
La Poste SA has announced the completion of its tender offer concerning its €750 million undated deeply subordinated notes issued in 2018. This follows the placement of a new issuance of €750 million undated non-call 6.5 year deeply subordinated fixed rate notes. The offer, oversubscribed by 2.9 times, was met with significant interest, particularly from Germany, Austria, and Switzerland, representing 30% of allocations.
The tender offer, which expired on January 14, 2025, saw €404.1 million of the existing notes being tendered and accepted. This leaves €345.9 million of the original notes still outstanding. The settlement of this transaction is expected to be completed by January 17, 2025, pending the successful settlement of the new notes.
R. H.
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