19 January 2023
First issuance of a Green Bond
PSA Banque France issued its first Green Bond
Financial news
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Refinancing strategy
Since 2015, Banque Stellantis France group has received intra-group financing directly from Santander Consumer Finance, in addition to the financing provided by debt securitization transactions, retail savings inflow from French customers, bilateral bank credit lines, and access to the refinancing operations of the European Central Bank (ECB).
After the first issues of negotiable debt securities in 2016, the strategy to diversify refinancing sources continued through the development of access to capital markets, specifically with eight bond issuances under the EMTN program, with in January 2023 its first Green Bond with a maturity of three years.
Our bank's sources of refinancing
Savings account from individual customers
Bank credit lines
Capital Markets
Securitization
A REFINANCING POLICY THAT HAS BEEN DIVERSIFIED SINCE 2015
As at 30 June 2023, the refinancing of the Banque Stellantis group was split as follows:
- 22% from negotiable debt security and EMTN bond issuances on the capital markets;
- 18% from repayable funds from the public in relation to deposit activity;
- 11% from securitisation transactions placed;
- 15% from other external refinancing, of which 12% from the European Central Bank (participation in TLTRO-III operations);
- 28% from intra-group credit lines granted by Santander Consumer Finance;
- 1% of subordinated debt subscribed in equal parts by each of the two shareholders
- 5% from drawn bank loans and a collateralised loan.