LONDON, Jan 23 (Reuters) - France's Renault Credit International S.A. Banque (RCI Banque) launched a 500 million euro five-year bond on Thursday, lead managers Deutsche Bank, HSBC and WestLB said.
The bond msture on February 11, 2008 and pays a coupon of 4.25 percent. It was priced at 99.823, to yield 77 basis points over the benchmark swaps curve, or 99.5 basis points over the German OBL 140 bond.
Sources had pointed to pricing of 76 to 79 basis points over swaps on Wednesday.
RCI Banque is a 100 percent subsidiary of Compagnie Financiere Renault SA, which is in turn is 100 percent owned by French automakerRenault SA .
The finance unit is rated Baa1 by Moody's Investors Service and BBB+ by both Standard & Poor's credit ratings agency and Fitch Ratings.