UPDATE 1-Peugeot launches bond, less bearish on sales

Newswire

* Convertible issue could raise up to 575 mln euros * Now sees 2009 Europe sales off 12 pct vs previous 20 pct * Sees 2009 recurring operating loss at 1-2 bln euros (Adds detail from statement, share price) PARIS, June 23 (Reuters) - Peugeot launched a convertible bond to raise up to 575 million euros as it said it expects its sales in Europe to decline less sharply than initially feared this year, though it will still post a hefty loss. Peugeot said on Tuesday that while the ...

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