Stellantis N.V. announced the pricing of its subordinated perpetual hybrid bonds offering executed on March 10, 2026, structured in three tranches totaling €4 billion and £865 million. The issuance fully utilizes the Board of Directors' €5 billion authorization and will strengthen the company's capital structure and liquidity position.
Key takeaways
€2.2 billion Perpetual Fixed Rate Resettable Capital Securities, 6.250% coupon until June 16, 2031, non-call 5.25 years
€1.8 billion Perpetual Fixed Rate Resettable Capital Securities, 6.875% coupon until March 16, 2034, non-call 8 years
£865 million Perpetual Fixed Rate Resettable Capital Securities, 8.250% coupon until September 16, 2032, non-call 6.5 years