March 22, 2018 / 9:14 AM / 6 months ago

BRIEF-Carrefour Launches Offering Of $500 Million Convertible Bonds

March 22 (Reuters) - CARREFOUR SA:

* CARREFOUR LAUNCHES AN OFFERING OF $ 500 MLN NON-DILUTIVE CASH SETTLED CONVERTIBLE BONDS

* MATURITY OF 6 YEARS DUE 2024

* INVESTORS WILL HAVE CONVERSION RIGHTS SETTLED IN CASH BY REFERENCE TO THE SHARE PRICE OF ORDINARY SHARES

* ISSUE AND CONVERSION OF BONDS WILL NOT RESULT IN ISSUANCE OF ANY NEW SHARES OF CARREFOUR

* BONDS WILL NOT BEAR INTEREST (ZERO-COUPON)

* BONDS WILL BE ISSUED AT ISSUE PRICE BETWEEN 96.75 PCT AND 98.00 PCT OF THEIR NOMINAL VALUE ON MARCH 27

* NOMINAL VALUE OF EACH BOND WILL BE $ 200,000

Source text : bit.ly/2HRiih6

Further company coverage: (Gdynia Newsroom)

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