Renault Group Issues ¥159 B Dual-Tranche Samurai Bonds at 3.02%
Renault Group issued ¥159 billion of dual-tranche Samurai bonds—¥100 billion retail and ¥59 billion institutional—maturing in 2030 with a 3.02% coupon. The deal, the first combined retail-institutional Samurai issue by a non-Japanese corporate, coincides with a share buyback launched May 15, 2026.
1. Bond Issuance Details
Renault Group issued dual-tranche Samurai bonds totaling ¥159 billion on May 22, 2026. The offering comprised ¥100 billion retail and ¥59 billion institutional notes maturing in 2030 with a 3.02% coupon rate, marking the first combined tranche by a non-Japanese issuer.
2. Market Reaction and Credit Ratings
The bonds were priced at a 3.02% coupon, reflecting improved credit ratings following the futuREady strategic plan. Investor demand exceeded expectations, highlighting confidence in Renault’s financial stability and its ability to diversify funding sources.
3. Share Buyback Program and Voting Rights
Renault launched a share buyback program on May 15, 2026, and reported 295.7 million shares outstanding with 400.6 million exercisable voting rights as of April 30, 2026. The repurchase plan aims to optimize capital structure and support shareholder value.