Michelin announces notes repurchase

28th September 2011 | 0 Comments

In a press release intended for all markets excepting the US, Compagnie Générale des Etablissements Michelin announced that on 21 September it repurchased more than 10 per cent of the company’s lowest-ranking subordinated notes (titres subordonnés remboursables de dernier rang), due 3 December 2033, for an aggregate nominal amount of 500,000,000 euros admitted to trading on the regulated market of NYSE Euronext Paris under ISIN FR0010034298. Following the repurchase, the outstanding nominal amount is 140,628,000 euros.

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