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Europe: OEMs face rising refinancing costs

According to a Bloomberg report, Renault SA has been forced by what it refers to as "more difficult" financial market conditions to reduce a planned sale of bonds by 20%. The OEM sold €400m (US$492.7m) of five-year bonds, €100m less than it originally sought, with a yield premium at the higher end Subscribe to Automotive World to … Continued

According to a Bloomberg report, Renault SA has been forced by what it refers to as "more difficult" financial market conditions to reduce a planned sale of bonds by 20%. The OEM sold €400m (US$492.7m) of five-year bonds, €100m less than it originally sought, with a yield premium at the higher end

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https://www.automotiveworld.com/articles/82635-europe-oems-face-rising-refinancing-costs/

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