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08 Apr 2021

FCA Bank prices Euro 850 million debt offering

FCA Bank acting through its Irish Branch successfully priced today a Euro 850 million offering of unsecured senior debt securities due April 2024, with a record fixed rate coupon set at 0.00%.

FCA Bank prices Euro 850 million debt offering

 

Turin, 8th April 2021

 

FCA Bank acting through its Irish Branch successfully priced today a Euro 850 million offering of unsecured senior debt securities due April 2024, with a record fixed rate coupon set at 0.00%.

 

This issuance represents the lowest ever coupon for FCA Bank in the Eurobond market, attracting a very high quality order book of  Euro 3.3 billion from over 200 investors.

 

This issuance, the first one in 2021, further strengthens the group’s funding position, confirming the investors’ confidence in FCA Bank.

 

FCA Bank
FCA Bank S.p.A. is a bank engaging mainly in car finance, with the aim to meet all mobility requirements, including through its Leasys S.p.A. subsidiary. It is an equally-held joint venture between the global automotive company Stellantis and Crédit Agricole, leader in consumer credit. FCA Bank S.p.A. provides financing products to drive the sales of prestigious car brands in Italy and in Europe. The loan, lease, rental and mobility financing programs provided by FCA Bank S.p.A. are specifically designed for sale networks, private customers and corporate fleets. FCA Bank S.p.A. is operational in 17 European countries and in Morocco, directly or through branches. At 31 December 2020, FCA Bank had a total loan and lease portfolio of approximately €26.2 billion. For more information: www.fcabankgroup.com    

 

For further information:
+39.011.0063088
www.fcabankgroup.com

 

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