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LONDON - RCI Banque has concluded the offering period for its €500 million fixed-rate bond without requiring market stabilization measures, according to a statement released Thursday by Societe Generale (OTC:SCGLY), which served as the stabilization manager for the transaction.
The 5-year bonds, maturing on June 6, 2030, carry a 3.375% annual fixed coupon and were initially priced at 99.427% of face value. The offering’s stabilization period, which began on May 27, 2025, was expected to continue until July 4, 2025, but no stabilization actions were ultimately undertaken.
Stabilization measures are typically employed by underwriters to prevent excessive price fluctuations in newly issued securities. The absence of such intervention suggests the bond offering achieved sufficient market stability on its own.
The securities were not registered under the U.S. Securities Act and were not offered to investors in the United States, according to the press release statement.
RCI Banque, the financing arm of Renault (EPA:RENA) Group, regularly issues bonds in international markets to support its automotive financing operations.
The announcement was made via the London Stock Exchange (LON:LSEG)’s Regulatory News Service (RNS), which serves as an official information channel for publicly listed companies.
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