Crossover Renault squeezes NIP to 17bp with €250m tap
Renault, the French carmaker, raised €250m on Monday by tapping its 4.625% May 2016 bond. Bookrunners BNP Paribas (billing and delivering), BBVA and Commerzbank priced the notes to yield 295bp over mid-swaps or 4.302% — just 17bp over the issue’s secondary level, a banker said.
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