RCI Banque Secures €800 Million through Fixed Rate Notes
RCI Banque Secures €800 Million through Fixed Rate Notes
RCI Banque, recognized for delivering innovative financial solutions through its commercial brand, Mobilize Financial Services, has successfully issued €800 million in fixed-rate notes. This bond, with a 3.875% coupon, has a six-year maturity period that ends in September 2030.
Investor Confidence Demonstrated
The issuance was met with impressive demand, garnering over €2 billion in final orders from more than 200 investors, indicating strong market confidence in RCI Banque's operational soundness. This level of interest reflects the trust investors place in the company’s ongoing efforts to strengthen its financial position and offer flexible services to its clientele.
About Mobilize Financial Services
Mobilize Financial Services, a proud subsidiary of the Renault Group, focuses on fostering sustainable mobility through tailored financial services. With a robust history spanning nearly a century, RCI Banque SA, the parent entity, specializes in automotive financing, catering to customers of Renault, Nissan, and Mitsubishi across different regions.
Operational Reach and Service Offering
With a presence in 35 countries and a dedicated workforce of approximately 4,000 employees, Mobilize Financial Services financed over 1.2 million vehicle contracts in 2023 alone and provided nearly 3.9 million ancillary services. This demonstrates their commitment toward being a significant player in the automotive financing industry.
Financial Performance Insights
As of June 2024, RCI Banque reported average earning assets reaching €54.9 billion and pre-tax earnings totaling €553 million. Such figures underline the effectiveness of their strategic initiatives aimed at enhancing profitability while ensuring customer satisfaction.
Strengthening Financial Stability
In recent years, RCI Banque has successfully initiated deposit-taking activities, leading to a net deposit report of €29.4 billion, which accounts for half of the company's net assets by mid-2024. This initiative aligns with their strategy to bolster financial stability while exploring sustainable growth opportunities in evolving markets.
Contact Information
For any inquiries or further information, interested parties can reach the team via the following:
Analysts and Investors
Financial communication hotline: +33(0)1 76 88 81 74
Email: contact_investor@rcibanque.com
Frequently Asked Questions
1. What are the terms of the issued bonds?
The bonds have a maturity of six years and carry a fixed coupon rate of 3.875%.
2. How was the market response to RCI Banque's bond issuance?
The bond issuance received an overwhelming response with over €2 billion in orders, reflecting high investor confidence.
3. What role does Mobilize Financial Services play in the market?
Mobilize Financial Services specializes in automotive financing solutions, catering to various national and international clients.
4. How has RCI Banque's financial performance been lately?
RCI Banque's average earning assets reached €54.9 billion, with pre-tax earnings of €553 million by mid-2024.
5. Where can I find more information about Mobilize Financial Services?
For more information, visit the official website of Mobilize Financial Services at www.mobilize-fs.com.
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