Banque PSA Finance in $1.25 Billion Inaugural 144A Bond Offering

Cleary Gottlieb represented Banque PSA Finance in the offering of $300 million 3.375% notes due 2014, $250 million 4.375% notes due 2016, $250 million 5.750% notes due 2021 and $450 million floating rate notes due 2014. The notes were offered for sale in the United States only to qualified institutional buyers under Rule 144A and outside of the United States to non-US persons under Regulation S. The transaction, which priced on March 28 and closed on April 4, was managed by Citigroup Global Markets, Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated.

Banque PSA Finance is the financing arm of the PSA Peugeot Citroën, one of the world’s largest automobile manufacturers. Banque PSA Finance provides financing to purchasers of Peugeot and Citroën vehicles (financing approximately 865,000 vehicles in 23 countries in 2010), as well as wholesale inventory financing to Peugeot and Citroën dealers.