RCI Banque kicks off corp bond party

Renault
By Ross Lancaster
03 Jan 2017

Renault Credit International Banque, the finance subsidiary of Renault, became the first corporate bond issuer of 2017 on Tuesday, slipping through the year’s earliest possible window to issue in euros.

The Baa1/BBB rated issuer was straight out of the blocks with a benchmark five year trade.

Given that corporate new issues usually begin flowing a few days into January, RCI’s deal was welcomed in the market.

“I was a bit surprised to see it, I thought there ...

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