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International International: Publicis issues bond to help refinance debt

International: Publicis issues bond to help refinance debt

Author | NULL | Monday, Jan 01,1900 11:10 AM

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International: Publicis issues bond to help refinance debt

Publicis Group announced it will issue convertible bonds worth approximately 600 million Euro, or $535 million, as part of an effort to refinance debt. The 16-year bonds will begin trading on Jan. 18 in France and will be offered to institutional investors outside France as private placement.

A shareholders' meeting held in Paris authorized the company's board to issue convertible bonds worth upto 800 million Euro, or $713 million. Publicis American Depository Receipt Shares lost 2.74% on the New York Stock Exchange to close at $26.26, down 74 cents.

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