LONDON, Sept 17 (Reuters) - RCI Banque group, the sales finance company of French carmaker Renault , has released price talk for one billion euros-plus bond backed by Italian auto loans, lead manager BNP Paribas said on Wednesday.
BNP Paribas and Credit Agricole Indosuez will jointly manage the deal via special purpose vehicle Cars Alliance Funding 2003-1.
The latest price talk and structure, subject to change, is below:
AMOUNT WAL* RATING PRICE TALK
1.055 bln 3.41 AAA 18-19 bps over 3mth Euribor
45 mln 5 A 45-50 bps over 3mth Euribor
*Weighted average life in years