Mobilize Financial Services Launches €500 Million Green Bond
Mobilize Financial Services Undertakes Major Green Initiative
Mobilize Financial Services, operating under RCI Banque, has announced a groundbreaking move in the financial markets by issuing a €500 million green bond. These bonds, which carry a coupon rate of 3.375%, will mature in June 2030. This step is a part of the company's commitment to facilitating sustainable mobility solutions.
Strong Market Response
The issuance of the bond saw a remarkable response, with the final order book exceeding €1.8 billion. This impressive figure highlights the significant interest from around 119 investors, showcasing their confidence in Mobilize Financial Services and its growth potential.
Financing Sustainable Solutions
The proceeds from this green bond will primarily be used to finance or refinance Battery Electric Vehicles (BEVs) and the necessary charging infrastructure. This aligns with the company's mission to support the transition to electric driving and to combat climate change.
Building Trust Through Financial Strength
This successful bond issuance demonstrates the solid financial foundation of Mobilize Financial Services. Investors recognize the company's role in driving innovation in sustainable transportation, positioning it as a key player in the automotive financing sector.
About Mobilize Financial Services
Celebrating nearly a century of operations, Mobilize Financial Services is a subsidiary of Renault Group. The company specializes in creating innovative financial solutions tailored to the mobility needs of its customers. Through RCI Banque SA, it serves the networks of Renault, Nissan, and Mitsubishi in several territories.
Employing around 4,000 people across 35 countries, Mobilize Financial Services has financed over 1.3 million contracts for new and used vehicles in the previous year. Also noteworthy is that they sold approximately 3.7 million service contracts, reflecting their diverse service offerings.
Financial Overview and Recent Developments
As of December 2024, Mobilize Financial Services reported average earning assets totaling €55.9 billion. Pre-tax earnings were noted at €1.194 million. The company's recent steps into deposit-taking have proven fruitful, with net deposits reaching €30.5 billion, representing a solid 50% of its net assets.
Future Prospects
The issuance of the green bond positions Mobilize Financial Services advantageously in the evolving landscape of sustainable finance. The demand for environmentally responsible financing solutions is on the rise, and the company is set to meet these challenges head-on, contributing to a greener future with a focus on sustainable mobility.
Contact Information
If you have any questions or require further information, please reach out to our team:
Analysts and Investors
Financial Communication
Phone: +33(0) 1 76 88 81 74
Email: contact_investor@rcibanque.com
Frequently Asked Questions
What is the purpose of the €500 million green bond?
The proceeds will be used to finance or refinance Battery Electric Vehicles (BEVs) and charging infrastructure, supporting sustainable mobility.
Who are the key investors in this bond issuance?
Around 119 investors showed interest, leading to a final order book exceeding €1.8 billion.
What does this issuance signify for Mobilize Financial Services?
This issuance reflects the company’s solid financial foundation and commitment to sustainable practices in automotive financing.
How has Mobilize Financial Services performed recently?
In 2024, they financed over 1.3 million vehicle contracts and saw pre-tax earnings of €1.194 million.
What role does Mobilize Financial Services play in sustainable mobility?
The company is dedicated to creating innovative financial services to support the transition to electric driving and combat climate change.
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