March 1st, 2017
RCI BANQUE LAUNCHES ITS FIRST BOND IN EUROS IN A DUAL-TRANCHE FORMAT: 750 MILLION MATURING IN 2020 AND 650 MILLION MATURING IN 2024
RCI Banque announces a bond issue in two tranches. The first one, a 3-year and 4-month note for an amount of € 750m, bears a 3-month Euribor + 45bp floating rate coupon. The second one, a
7-year tranche for an amount of € 650m, carries a coupon of 1.375%.
The short tranche collected a final order book of about € 2.5bn from 220 subscribers while the long one attracted nearly 100 investors constituting a € 1.1bn order book.
This issue, totaling € 1.4bn, is the group's largest transaction 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.
