RCI BANQUE : PLACEMENT OF A 739.3 MILLION EURO SECURITIZATION BACKED BY FRENCH AUTO LEASES WITH PURCHASE OPTION “LOA”

Core Insights - Mobilize Financial Services Group has successfully placed a securitization of 739.3 million euros backed by French auto leases with a purchase option [2] - The securitization includes 700 million euros of Senior notes and 39.3 million euros of subordinated notes, rated AAA(sf) / AAA(sf) and A+(sf) / AA(sf) respectively by Fitch and S&P [2][3] - The Senior tranche has a weighted average life of 2.01 years with a coupon of Euribor 1 month + 56bps, while the subordinated notes have a weighted average life of 3.58 years with a coupon of Euribor 1 month + 90bps [3] Company Overview - Mobilize Financial Services is a subsidiary of Renault Group, focusing on innovative financial services to promote sustainable mobility [5] - The company operates in 35 countries with nearly 4,000 employees and financed over 633,000 contracts for new and used vehicles by the end of June 2025 [6] - As of June 2025, Mobilize Financial Services reported average earning assets of 58.9 billion euros and pre-tax earnings of 607 million euros [6] Financial Position - The company has developed a deposit-taking business since 2012, with net deposits reaching 30.5 billion euros, representing 49% of its net assets by the end of June 2025 [7]