Renault's RCI Banque Plans Euro 4Y Bond, Pricing Swaps +4.05
September 21 2011 - 6:44AM
Dow Jones News
France's RCI Banque SA, the financing arm of French auto maker
Renault SA (RNO.FR), is planning to issue a euro-denominated,
benchmark four-year bond, one of the banks hired to lead the deal
said Wednesday.
Initial pricing guidance on the bond has been set in the area of
405 basis points over midswaps.
BBVA, Natixis and Unicredit Spa are joint bookrunners on the
deal, which is expected to price later in the day.
RCI Banque is rated Baa2 by Moody's Investors Service and BBB by
Standard & Poor's Corp.
-By Serena Ruffoni, Dow Jones Newswires; +44 (0) 207 842 9349;
serena.ruffoni@dowjones.com
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