19 January 2023
First issuance of a Green Bond
PSA Banque France issued its first Green Bond
Financial news
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A refinancing policy that has diversified since 2015.
As at 30 June 2022, the refinancing of the Banque Stellantis France Group was split as follows:
- 22% from negotiable debt security and EMTN bond issuances on the capital markets;
- 24% from repayable funds from the public in relation to deposit activity;
- 18% from securitization transactions placed;
- 25% from other external refinancing, of which 22% from the European Central Bank (participation in TLTRO-III operations);
- 10% from intra-group credit lines granted by Santander Consumer Finance;
- 1% of subordinated debt subscribed in equal parts by each of the two shareholders.
Banque Stellantis France in brief
Banque Stellantis France Group is the credit institution that consolidates Stellantis Group's financing activities in France for all the the brands customers and distribution networks.
Banque Stellantis France is a partnership joint venture (50/50) between Banque PSA Finance and Santander Consumer Finance through its French subsidiary Santander Consumer Banque SA.
Banque Stellantis France offers financing, insurance and services as well as savings to the general public in France.
Banque Stellantis France finances the purchase and rental of new and used vehicles by individuals and corporate customers through the Peugeot, Citroën and DS dealer networks.
Proposed financing solutions include credit sales as well as leasing with or without an option to purchase.
For the Peugeot, Citroën and DS distribution network in France, Banque Stellantis France offers financing solutions for new, used and demonstration vehicles along with spare parts.
Banque Stellantis France refinancing strategy is based on the diversification of its sources of liquidity.
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 six bond issuances under the EMTN program, with the last one in January 2021, for €500 million each.
Banque Stellantis France Group is the credit institution that consolidates Stellantis Group's financing activities in France for all the the brands customers and distribution networks.
Banque Stellantis France is a partnership joint venture (50/50) between Banque PSA Finance and Santander Consumer Finance through its French subsidiary Santander Consumer Banque SA.
Banque Stellantis France offers financing, insurance and services as well as savings to the general public in France.
Banque Stellantis France finances the purchase and rental of new and used vehicles by individuals and corporate customers through the Peugeot, Citroën and DS dealer networks.
Proposed financing solutions include credit sales as well as leasing with or without an option to purchase.
For the Peugeot, Citroën and DS distribution network in France, Banque Stellantis France offers financing solutions for new, used and demonstration vehicles along with spare parts.
Banque Stellantis France refinancing strategy is based on the diversification of its sources of liquidity.
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 six bond issuances under the EMTN program, with the last one in January 2021, for €500 million each.
Investors Presentation - PSA Banque France Group - October 2022
FINANCE DOCUMENTATION
Securitization
Solid expertise for more than 10 years with regular launch of AUTO ABS operations.
Rating
Banque Stellantis France is rated by two rating agencies: Moody's Investors Service Ltd. and Standard & Poor's Credit Market Services France S.A.S.
Debt Program
Banque Stellantis France is a regular issuer in the capital markets and has several debt issuance programs (NEU CP, NEU MTN, EMTN)
Last financial report
2022 Annual Report
Find the annual financial results of PSA Banque France Group.