RCI Banque Prices €1.25 Billion Dual-Tranche Euro Bond

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โดย Yahoo Finance·FR·Read original
Summary · why it matters

RCI Banque, which operates under the commercial brand Mobilize Financial Services, priced a €1.25 billion dual-tranche bond offering in euro. The deal is split into a €750 million tranche maturing in February 2031 with a 4.625% coupon and a €500 million tranche maturing in November 2033 with a 5.00% coupon. The issuance was very well received by investors, with the shorter tranche attracting around €1.6 billion of demand from more than 110 accounts and the longer tranche generating approximately €1.1 billion of orders from over 90 investors. RCI Banque is a French bank specializing in automotive financing and services for customers and networks of Renault Group, and also for the brands Nissan and Mitsubishi in several countries.

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Energy Transition & Power Demand · 2 stocks
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Renault SA
RNO
▲ PositiveCapitalrelevance

Renault Group's captive financing arm RCI Banque successfully priced a €1.25bn dual-tranche bond with strong investor demand, easing funding for Renault's automotive financing.

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Off-coverage companies 1

RCI BanquePrivate▲ Positive
Capitalrelevance

RCI Banque priced a €1.25bn dual-tranche euro bond that was heavily oversubscribed, securing financing on favorable terms.