Mumbai, Nov. 15 -- French auto major Renault Group has placed a EUR 750 million bond issue maturing on 19 February 2032 with a coupon of 5 percent.

The bond was oversubscribed, reflecting investor confidence in Renault Group's financial profile following its return to investment-grade status at S&P Global Ratings and Moody's, as well as the execution of its futuREady strategic plan.

The capital raised will fund corporate purposes, including the refinancing of upcoming debt maturities to take advantage of market conditions.

Published by HT Digital Content Services with permission from Motoring Trends....