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09 Nov 2020

FCA Bank prices Euro 850 million debt offering

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 November 2023, with a fixed rate coupon set at 0.125%.

 

This issuance represents the lowest ever coupon for FCA Bank in the Eurobond market, attracting a very high quality order book of over Euro 5 billion from 277 investors.

 

This issuance, the third one in 2020, falling just a couple of months after the September 2020 trade, accelerates the execution of the 2021 refinancing plan and further strengthens the group’s funding position, confirming the investors’ confidence in FCA Bank.

 

 

Turin, 9th November 2020

 

 

FCA Bank

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 17 European countries and Morocco, either directly or through its subsidiaries. As of 30 June 2020 FCA Bank reported a portfolio of outstanding loans worth €25.6 billion.

 

For further information:
+39.011.0063088
www.fcabankgroup.com

 

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