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15 Jul 2021

Leasys debuts on the market with a €500 million Green Bond

Leasys, a subsidiary of FCA Bank, a 50/50 joint venture between Crédit Agricole Group and Stellantis, today priced a €500 million Green Bond maturing in July 2024 with a fixed-rate coupon of 0.00 per cent.

Leasys debuts on the market with a €500 million Green Bond

 

Turin, 15 July 2021

 

Leasys, a subsidiary of FCA Bank, a 50/50 joint venture between Crédit Agricole Group and Stellantis, today priced a €500 million Green Bond maturing in July 2024 with a fixed-rate coupon of 0.00 per cent.

 

This is the first time the FCA Bank Group and Stellantis perform such a significant transaction by placing a Green Bond on the capital markets This transaction was made possible thanks to Crédit Agricole Group strong support .

 

The proceeds of the Green Bond will be used by Leasys to finance its fleet of electric and plug-in hybrid vehicles and its network of fast-charge electric charging points. In particular, the network, which currently has over 1,000 charging points, will triple over the life of the bond, supporting the electrification strategy of Leasys.

 

This Green Bond issuance, which has been structured and coordinated by Crédit Agricole CIB, marks Leasys' debut on capital markets and was characterized by a very high quality order book, with 2.3 billion raised from 129 investors, confirming investors' confidence in the FCA Bank Group.

 

Joint Bookrunners of this transaction were Crédit Agricole CIB, BofA Securities, Citigroup, Goldman Sachs International, IMI – Intesa Sanpaolo and UniCredit.

 

About Leasys

Leasys, a subsidiary of FCA Bank, a 50:50 joint venture between Stellantis and Crédit Agricole, was established in September 2001. Leasys offers a complete and innovative system of mobility services to individuals, professionals and businesses of all sizes: from short, medium and long-term rentals to peer-to-peer car sharing via the U Go platform and I-Link. At the end of 2019, it launched the first car subscription service in Italy with CarCloud. With the Clickar brand, Leasys is also one of the leading Italian online and offline retailers of pre-owned company cars to individuals, professionals and companies. Headquartered in Italy, Leasys began a process of internationalization in 2017 by opening multiple offices throughout Europe: today the company operates in Spain, France, the United Kingdom, Germany, Belgium, the Netherlands, Portugal, Denmark, Greece, Austria and Poland, managing a fleet that will have over 400,000 vehicles by the end of 2021. In June 2019, the company launched the Leasys Mobility Stores, physical outlets with a grassroots presence across Italy. The Stores, which provide customers access to all the mobility services provided by Leasys, are now available in France as well and will open soon also in the other European countries where the company is operational. With the launch of the first totally electrified Mobility Store in Torino Caselle airport, Leasys is on track to become a key operator also for sustainable mobility. In fact, thanks to the installation of over 1,000 charging stations in all the stores, at the end of 2020, Leasys had Italy’s largest private electrified network. In 2021, the electrification project will continue also in the European countries in which Leasys operates. For more information: www.leasys.com

 

About 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 informationi: www.fcabankgroup.com

 

About Stellantis

Stellantis is one of the world’s leading automakers and a mobility provider, guided by a clear vision: to offer freedom of movement with distinctive, affordable and reliable mobility solutions.  In addition to the Group’s rich heritage and broad geographic presence, its greatest strengths lie in its sustainable performance, depth of experience and the wide-ranging talents of employees working around the globe. Stellantis will leverage its broad and iconic brand portfolio, which was founded by visionaries who infused the marques with passion and a competitive spirit that speaks to employees and customers alike. Stellantis aspires to become the greatest, not the biggest while creating added value for all stakeholders as well as the communities in which it operates. For more information: www.stellantis.com

 

About Crédit Agricole Consumer Finance

Crédit Agricole Consumer Finance, Crédit Agricole SA's consumer credit subsidiary, distributes a broad range of consumer credit and related services for distribution channels as a whole: direct sales, point-of-sale financing (automotive and home appliances) and partnerships. Present alongside major distribution, specialised distribution and institutional brands in the 19 countries where it operates, CA Consumer Finance offers its partners solutions that are flexible, responsible and ideally suited to their needs and those of their customers. Excellence in customer relationships, empowered teams for customers and commitment to society are the pillars that make CA Consumer Finance a group working every day in the interest of its 15 million customers and society. At 31 December 2020, CA Consumer Finance managed €91 billion in outstanding loans. Learn more: www.ca-consumerfinance.com

 

 

Communication Manager

Valentina Lugli – valentina.lugli@stellantis.com

 

Press Officer

Leonardo Umbrella – leonardo.umbrella@stellantis.com

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