March 4, 2021 |
RCI Colombia, a financing company owned by French automaker Renault, is expected to issue COP300 billion ($81.5 million) worth of bonds in the local market, according to a report from S&P Global Ratings on Wednesday.
S&P assigned the proposed bonds an initial AAA rating, it said without providing additional details.
RCI's credit portfolio grew 25% year-on-year in 2020, 13% above the planned amount, according to a summary of 2020 financial results filed on February 26. Spending last year
French automaker's local financing company plans to raise $82 mln in local currency