Book size: 1400; Registration: Reg S Only; Comments: EUR600m 8.5yr cpn fxd 4.25% at 99.580, yld 4.314%. Spread: MS+145bps. DBR 2.2 2/34 @ 95.745% (2.806%) HR 99%. Par Call: 3m. LEI: 96950001WI712W7PQG45;
Deal Comments
Reoffer: long 8yr: MS+145bp / 99.58 / 4.314%
Benchmark: DBR 2.2 Feb-34 @ 95.745% (2.806%) HR 99%
Allocs Out: Final Books >€1.4bn.
Launched: long 8yr: €600m @ MS+145bp
Guidance: long 8yr: MS+145bp - Book > €1.6bn (pre rec)
IPTs: long 8yr: MS+170a
Issuer: RCI Banque S.A. (Ticker: RENAUL, Country: FR), operating under the commercial brand Mobilize Financial Services
Issuer LEI: 96950001WI712W7PQG45
Issuer Ratings: Baa1 stable /BBB- stable (Moody’s/S&P)
Exp. Issue Ratings: Baa1/BBB- (Moody’s/S&P)
Format of notes: Senior Preferred, Unsecured, Reg S Bearer Dematerialised Notes
Settlement Date: 23-Mar-26 (T+8)
Maturity: 23-May-34
Size: €600m
Coupon: 4.25%, short first, Ann, Act/Act
Price/Yield: 99.580% / 4.314%
Spread: MS+145bp / B+150.8bp
Ref Security: DBR 2.2 Feb-34 @ 95.745% (2.806%) HR 99%
Documentation: EMTN / €100k+100k / Euronext-Paris / French law / 3m par call
UoP: General Corporate Purposes
Joint Bookrunners: Crédit Agricole CIB / IMI-Intesa Sanpaolo / SMBC Bank EU AG (B&D) / Société Générale
ISIN Code: FR00140173K5
Target Market: EU MiFID II & UK MIFIR: Eligible counterparties, professional clients and retail clients. All channels for distribution to eligible counterparties and professional clients are appropriate; and the following channels for distribution of the Notes to retail clients are appropriate – investment advice, portfolio management, non-advised sales and pure execution services, subject to the distributor’s suitability and appropriateness obligations under EU MiFID II, as applicable.UK MIFIR: eligible counterparties and professional clients only. Sales to UK retail investors are not permitted. FOR THE AVOIDANCE OF DOUBT, THERE WILL BE NO SALES TO RETAIL INVESTORS UNDER ANY JURIDICTIONS IN PRIMARY MARKET. No PRIIPs key information document (KID) has been prepared as not a packaged product.
Advertisement: The Base Prospectus and its supplement are available and the Final Terms (when published) will be available at www.amf-france.org and on the Issuer’s website (https://www.mobilize-fs.com/en/finance/debt-prospectus-and-programmes).
Timing: TOE 15.49 UKT FTT 16.15 UKT / 17.15 CET