Obligation La Poste Express 1.375% ( FR0013508694 ) en EUR

Société émettrice La Poste Express
Prix sur le marché refresh price now   100 %  ⇌ 
Pays  France
Code ISIN  FR0013508694 ( en EUR )
Coupon 1.375% par an ( paiement annuel )
Echéance 21/04/2032



Prospectus brochure de l'obligation LA POSTE FR0013508694 en EUR 1.375%, échéance 21/04/2032


Montant Minimal /
Montant de l'émission /
Cusip F7S68YBS1
Prochain Coupon 21/04/2026 ( Dans 338 jours )
Description détaillée La Poste est un opérateur public français de services postaux et de services financiers, proposant des solutions de courrier, colis, et services financiers aux particuliers et aux entreprises.

L'obligation française de La Poste (ISIN: FR0013508694, CUSIP: F7S68YBS1) affichant un taux d'intérêt de 1,375% et échéant le 21/04/2032, cotée actuellement à 100% de sa valeur nominale en EUR, verse des coupons annuellement.









PRESS RELEASE

Paris, 14 April 2020

La Poste successfully prices 1.8 billion bonds

Today, La Poste successfully launched a 1.8 billion fixed rate dual tranche under a senior
unsecured format. The two tranches, maturing in 2026 (6.5yr) and 2032 (12yr) and
amounting to 650 million and 1.15 billion respectively, were placed among institutional
investors.
The transaction was more than 7x oversubscribed gathering a total of EUR13.9bn of
demand from institutional investors. This high level of demand enabled La Poste to
strongly tighten the final spreads from the initial pricing levels of mid-swaps plus 145bp
area and mid-swap plus 180bp area for the 6.5-year and 12-year benchmark respectively.
The 6.5-year tranche was price at mid-swaps plus 90 bps (55bp tightening) and the 12-year
tranche was priced at mid-swaps plus 135 bps (45bps tightening). Both tranches are seen
to have priced near the issuer fair value (ie. Respectively 0bp and 5bps New Issue
Premiums at 6.5-year and 12-year).
On the 6.5yr tranche, 280 investors participated with final allocation showing La Poste
strong footprint in Germany/Austria/Switzerland 36%, UK/Ireland 22%, France 17%,
BeNeLux 8%, Southern Europe 7%. Asia 5% and Nordics 4%.
As far as the 12yr tranche is concerned, 350 investors participated (UK/Ireland
29%, Germany/Austria/Switzerland 28%, France 23%, Southern Europe 8%, Asia 6% and
BeNeLux 4%.
La Poste goes on broadening its investor base, and thus confirms the quality of its
signature in credit markets.
The proceeds of the Notes will be dedicated to general corporate purposes. It will also
allow La Poste to continue its active external growth strategy.
Summary of terms and condition
Issuer
La Poste
La Poste
Ratings
A (Stable) S&P / A+ (Stable) Fitch
A (Stable) S&P / A+ (Stable) Fitch
Tranche
6.5 years
12 years
Size
EUR 650 million
EUR 1.15 billion
Trade date
14 April 2020
14 April 2020
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Settlement date
21 April 2020 (T+5)
21 April 2020 (T+5)
Maturity
21 October 2026
21 April 2032
Price / yield
99.355% / 0.727%
99.780% / 1.395%
Coupon
0.625%
1.375%
Spread
MS + 90bps
MS + 135bps
Denominations
EUR 100k + 100k
EUR 100k + 100k
ISIN
FR0013508686
FR0013508694

The bonds will be listed on Euronext Paris.
BNP Paribas, Crédit Agricole CIB, Deutsche Bank, HSBC and Natixis acted as Active Joint
Bookrunners and La Banque Postale as Passive Bookrunner.
All documentation regarding this bond is available on Le Groupe La Poste website:
www.groupelaposte.com/en/financial-debt

-------------------

About Le Groupe La Poste :

La Poste is a state-owned public limited company, subsidiary of the Caisse des Dépôts and
the State. Le Groupe La Poste is structured around five core business units: Services-Mail-
Parcels, La Banque Postale, Network La Poste, GeoPost and Digital Services. The Group
operates out of 47 countries on four continents. La Poste's 17,000 postal retail outlets
make it France's leading local business network, serving 1.3 million customers every day.
La Poste has been carbon neutral since 2012 and delivers 21.6 billion items worldwide
(letters, printed advertising media and parcels), 6 days a week. In 2019, the Group
generated 26 billion in revenues (30% from outside France) with a headcount of more
than 249,000. La Poste aims to further develop its transformation through on-going
diversification. With its goal of becoming the leading company in local personal services,
for everyone, everywhere, every day, La Poste is committed to making life simpler for all.


PRESS CONTACT:
Tél : +33 1 55 44 22 37 - [email protected]

INVESTORS CONTACT:
Yasmina Galle ­ tél : +33 1 55 44 17 02 - [email protected]
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