05 September 2019

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 September 2024, with a fixed rate coupon set at 0.500%.

 

This Eurobond issuance, the third one since the beginning of 2019 and the first after the recent JV renewal, attracted an order book of about Euro 2.2 billion from more than 200 investors.

 

This transaction further strengthens the group's funding position and confirms the investors' confidence in FCA Bank.

 

Turin, 5th September 2019

 

 

 FCA Bank

FCA Bank is a bank engaged mainly in car finance, with the objective of meeting any mobility requirement also through its Leasys subsidiary. It is an equally-held joint venture between FCA Italy, a company of global car manufacturer Fiat Chrysler Automobiles N.V. and Crédit Agricole Consumer Finance, a company of the Crédit Agricole group, a leader in consumer lending. FCA Bank provides financing products to support the sales of prestigious automotive brands in Italy and in Europe. The credit, leasing, rental and mobility financing programs provided by FCA Bank are designed specifically for dealer networks, individuals and corporate fleets. FCA Bank operates through  subsidiaries and branches in 17 European countries and in Morocco. At 30 June 2019, FCA Bank had a credit portfolio of approximately €27.7 billion.

 

For further information:
+39.011.0063088
www.fcabankgroup.com

 

 

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