Calyon acted as joint bookrunner in the latest bond issue of RCI Banque (Renault group). On May 18, RCI Banque issued EUR 500 million of bonds with a November 2010 maturity, a coupon of 5.875% and a yield of 6%. On June 4, this initial issue was topped up with a further EUR 250 million at a yield of 4.25%. These bond market placements confirm investors’ confidence in the RCI Group’s financial solidity.

"RCI Banque wanted to diversify its refinancing sources and therefore took advantage of the re-opening of the bond issuance market to the automotive sector," explains Régis Leenhardt, Senior Banker. "This issue allows the company to further strengthen its balance sheet, maintain its sales performance and refinance Renault sales as well as those of its dealers."

Calyon has been one of the RCI Group’s preferred banks for many years and regularly takes part in the structuring of its securitisation programs. Calyon’s commissioning for this transaction is a natural product of this relationship.

RCI Banque, which is wholly-owned by Renault, specialises in auto financing and services for the Renault, Nissan, Dacia and Renault Samsung Motors brands. The company has operations in 34 countries.