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November 2011 - Crédit Agricole CIB launches RCI Banque only publicly placed securitisation in 2011
Crédit Agricole CIB acted as joint arranger, joint lead manager and joint bookrunner in the new publicly placed securitisation of RCI Banque. This transaction refinances a portfolio of German auto loans. Placed bonds are rated AAA/Aaa by Standard & Poor’s and Moody’s.
The deal priced successfully for an upsized amount of EUR 800 million in line with the client’s target despite challenging market conditions. The success of this transaction followed that of RCI Banque unsecured bond issuance in the last quarter. It demonstrates the investors’ trust in RCI Banque name as well as in its assets quality, even through difficult and volatile market conditions.
Through this new transaction, Crédit Agricole CIB reasserts its position as one of the main securitisation bank of RCI Banque. In January 2011, the Bank already acted as joint bookrunner in a 3-year EUR 750 million bond issue for RCI Banque.