BOULOGNE-BILLANCOURT: Renault Group introduced the successful placement of a ¥210 billion (c. €1.4 billion) new bond issue maturity December 2026 and carrying a coupon of 2.80%.
This transaction represents Renault Group’s first-ever issuance of retail bond focused to people and stands because the second largest public providing of Samurai bond for individuals.
The final orderbook amounted to shut to ¥300 billion, underlying the excessive confidence of Japanese retail investors within the Renault Group technique in addition to its ongoing transformation.
This issuance permits Renault Group to grab attractive market conditions, aligned with the European bond market, for general company functions together with the refinancing of a few of its upcoming maturities. With a four-year tenor, this issuance additionally diversifies the maturity profile of Renault Group’s Samurai bonds outstanding. This is Renault Group’s second bond issue within the general public Samurai bond format this year, following the July 2022 issue.
This issuance was solely organized by SMBC Nikko Securities as Lead Manager.
“After greater than two decades being active on the Japanese bond market, this retail bond permits us to additional expand our broad investor base. We are very proud to be the primary Corporate issuer (i.e. excluding monetary institutions) to present a Samurai bond devoted to retail investors. It highlights the soundness of the Renault Group’s signature on the credit score market.” said Thierry Piéton, Chief Financial Officer of Renault Group.