ENXTPA:RNOAuto
A Look At Renault (ENXTPA:RNO) Valuation After Landmark Dual Tranche Samurai Bond Issue
Renault (ENXTPA:RNO) has just tapped Japan’s Samurai bond market with a ¥159 billion dual tranche issue, split between retail and institutional investors, offering 3.02% coupons on bonds maturing in 2030.
See our latest analysis for Renault.
The Samurai bond issuance comes at a time when the stock has seen the share price fall 10.96% over the past month and 23.38% year to date, with a 1 year total shareholder return decline of 36.97%. Investors appear to be weighing funding moves like this...