Banque PSA new money line for €11.5bn refinancing oversubscribed

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Banque PSA new money line for €11.5bn refinancing oversubscribed

A new €5bn loan facility for Banque PSA, the finance arm of Peugeot Citroën, has been slightly oversubscribed in syndication as the troubled French car firm moves closer to completing an overhaul of €11.5bn of its debt pile that includes syndicated loans and bilaterals.

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