Leasys lands €500m bond, nearly twice oversubscribed
What's the deal? LeasysDealroom has a profile for this one. Try Dealroom →, the vehicle leasing joint venture between StellantisDealroom has a profile for this one. Try Dealroom → and Crédit Agricole Personal Finance & Mobility, has priced a €500 million senior unsecured bond. The three-year notes mature in October 2029 and carry a fixed coupon of 4.35%, with a re-offer spread of 90 basis points over mid-swap.
How it went: The deal drew more than 100 investor orders, with the book peaking above €1 billion and closing almost twice oversubscribed. The notes will be listed on the Euronext Dublin regulated market.
Context: This is Leasys's seventh public issuance under its €10 billion Euro Medium Term Note programme. It follows €750 million raised in July 2026 at 3.70% and €500 million in February 2025 at 2.875% — so the latest coupon reflects a higher borrowing cost than those earlier deals.
What's the endgame? Leasys provides medium- and long-term vehicle rental and integrated mobility services to individuals, professionals, and businesses across Europe. The company said the proceeds support its wider capital markets funding activities and operations.
The signal: The round sits around the 43rd percentile by amount among comparable deals, marking this as a routine rather than outsized raise. The leasing sector remains active in debt markets — rival Ayvens issued green bonds in 2026 and upsized a Belgian electric-vehicle lease securitisation in September — and the oversubscribed book points to continued institutional appetite despite rising funding costs.
Read more: finance-connect.com
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