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RCI BANQUE: ISSUANCE OF EUR 750 MILLION FIXED RATE NOTES MATURING IN NOVEMBER 2032
Globenewswire· 2025-10-27 18:15
Core Points - RCI Banque, operating as Mobilize Financial Services, has issued a €750 million bond with a 3.625% coupon maturing in November 2032 [2] - The bond issuance attracted a final order book exceeding €2.7 billion from approximately 142 investors [2] Company Overview - Mobilize Financial Services is a subsidiary of Renault Group, focusing on innovative financial services to promote sustainable mobility [4] - The company has been operational for nearly 100 years and specializes in automotive financing for Renault, Nissan, and Mitsubishi brands [4] - Mobilize Financial Services operates in 35 countries with nearly 4,000 employees [5] Financial Performance - As of June 2025, Mobilize Financial Services financed over 633,000 contracts for new and used vehicles and sold 1.8 million services [5] - The average earning assets reached €58.9 billion, with pre-tax earnings of €607 million [5] - The company has a deposit-taking business established since 2012, with net deposits amounting to €30.5 billion, representing 49% of its net assets as of June 2025 [6]
Philips successfully prices offering of Notes for EUR 1 billion to be used for repayment of existing debt and to finance eligible green projects
Globenewswire· 2025-05-15 19:00
Core Viewpoint - Royal Philips has successfully priced EUR 1 billion in fixed rate notes, with maturities in 2030 and 2035, to support corporate purposes and refinance existing debt [1][2]. Group 1: Financial Details - The offering consists of EUR 500 million notes due 2030 with a coupon of 3.250% and a yield of 3.281%, and EUR 500 million notes due 2035 with a coupon of 4.000% and a yield of 4.050% [2]. - The issue price for the 2030 notes is 99.859% and for the 2035 notes is 99.595% [2]. - The 5-year and 10-year tranches were oversubscribed by more than 3 times and 4 times, respectively [2]. Group 2: Settlement and Listing - Settlement and issue of the notes are scheduled for May 23, 2025 [3]. - Application has been made for the notes to be listed on the Official List of the Luxembourg Stock Exchange [3]. Group 3: Credit Ratings - Philips maintains a strong investment grade credit rating with a BBB+ rating from Standard & Poor's, a Baa1 rating from Moody's, and a BBB+ rating from Fitch, all with stable outlooks [3]. Group 4: Company Overview - Royal Philips is a leading health technology company focused on improving health and well-being through innovation, generating EUR 18 billion in sales in 2024 and employing approximately 67,200 people [11].