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Renault Group successfully issues its first green bonds for €850 million
Globenewswire· 2025-09-23 17:13
Core Points - Renault Group successfully issued its first green bonds amounting to €850 million, maturing on September 30, 2030, with a coupon rate of 3.875% [2] - The bond issuance was significantly oversubscribed, indicating strong confidence from credit investors in Renault Group's strategic direction and its Renaulution plan [2] - Proceeds from the green bonds will be allocated to finance and refinance projects that meet the criteria outlined in the Sustainable Bond Framework [3][4] Company Strategy - Renault Group aims for net zero carbon emissions in Europe by 2040 and globally by 2050, supported by a detailed action plan targeting emissions reduction across various phases including production and logistics [5][8] - The company emphasizes the development of new technologies and services, alongside a competitive range of electrified vehicles, as part of its transformation strategy [8] Company Overview - Renault Group operates in 114 countries and sold 2.265 million vehicles in 2024, employing over 98,000 people [7] - The group consists of four brands: Renault, Dacia, Alpine, and Mobilize, focusing on sustainable and innovative mobility solutions [7]