Renault finance unit offers 500 mln euro bond

Newswire

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 ...

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