RCI Banque announces a bond issue in two tranches. The first one, a 4-year note for an amount of € 750m, bears a 3-month Euribor + 65bp floating rate coupon. The second one, a 8-year tranche (first issue on this maturity for RCI Banque) for an amount of € 600m, carries a coupon of 1.625%.
The short tranche collected a final order book of about € 2.2bn from 211 subscribers while the long one attracted nearly 115 investors constituting a € 1.0bn order book.
This issue, totaling € 1.35bn, is one of the group's largest transactions in the capital markets. The success of this transaction demonstrates once again investors' confidence in the financial strength of the company and their willingness to sustain its growth.
