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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