21 Jan 2020
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 February 2023, with a fixed rate coupon set at 0.250%.
This issuance represents the best ever result in terms of yield for FCA Bank in the Eurobond market, attracting an order book of over Eur 3 billion from more than 200 investors.
This transaction further strengthens the group’s funding position and confirms the investors’ confidence in FCA Bank.
Turin, 21st January 2020
FCA Bank is a bank operating mainly in the motor financing sector aimed at satisfying all mobility requirements and is a joint venture between FCA Italy, part of Fiat Chrysler Automobiles, the global automotive group and Crédit Agricole Consumer Finance a major player in the consumer finance market. The company manages most of the financial activities to support the sales of prestigious automotive brands in Europe. Financial and leasing programs are operated by FCA Bank and specifically designed for the dealer networks and private customers as well as for business fleets. FCA Bank SpA is present in 18 European countries either directly or through its subsidiaries. As of 30 June 2019 FCA Bank reported a portfolio of outstanding loans worth €27.7 billion.
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