French carmaker Renault has issued a 210 billion yen (US$1.6 billion) bond that will mature in December 2026 and carry a coupon of 2.80 per cent, it said, adding this highlighted its appeal to Japanese investors.
"The final order book amounted to close to 300 billion yen, underlying the high confidence of Japanese retail investors in the Renault Group strategy as well as its ongoing transformation," Renault said.
Earlier this month, Renault Chairman Jean-Dominique Senard, said he remained confident about the outcome of talks with its Japanese partner Nissan.
Renault wants Nissan to invest in a new electric-vehicle unit it plans to spin off as part of a major overhaul. Nissan wants Renault to sell some of its roughly 43 per cent in the Japanese company to put the two carmakers on more equal footing, Reuters has previously reported.
Groupe Renault is an international company with French roots and a history stretching back more than 115 years. Present in 128 countries, They design, manufacture and market private and commercial vehicles sold under three brand names: Renault, Dacia and Renault Samsung Motors.
Nissan Motor Co., Ltd., trading as Nissan Motor Corporation and often shortened to Nissan, is a Japanese multinational automobile manufacturer headquartered in Nishi-ku, Yokohama, Japan.