Renault Raises ¥210B Via Retail Bond

Renault ADR RNLSY has issued a ¥210 billion (€1.4 billion) bond which will mature in December 2026, carrying a coupon of 2.80%.
This represents Renault Group’s first-ever issuance of retail bond targeted to individuals and stands as the second-largest public offering of Samurai bonds for individuals.
The final order book amounted to close to ¥300 billion.
The issuance allows Renault to seize attractive market conditions, aligned with the European bond market, for general corporate purposes, including the refinancing of some of its upcoming maturities.
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It also diversifies the maturity profile of the French car maker’s outstanding Samurai bonds.
It is Renault’s second bond issue in the public Samurai bond format this year, following the July 2022 issue.
“After more than two decades being active on the Japanese bond market, this retail bond allows us to further expand our broad investor base,” said CFO Thierry Piéton.
“We are very proud to be the first Corporate issuer (i.e., excluding financial institutions) to provide a Samurai bond dedicated to retail investors.”
Price Action: RNLSY shares traded lower by 3.95% at $6.56 on the last check Thursday.
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