Stellantis is back in the U.S. bond market, raising $2 billion this week through a three-part deal that mixes fixed- and floating-rate notes. The move comes as borrowing costs hit their lowest point of the year, giving the automaker a chance to secure financing on favorable terms.
The company’s U.S. financing arm, Stellantis Financial Services US Corp., structured the bonds with maturities extending out to five years. Investors showed strong interest, especially in the five-year portion, which priced at 1.8 percentage points above comparable U.S. Treasuries. That was better than the initial talks, which suggested yields closer to 2.15 points above the benchmark.
This marks Stellantis’ first U.S. bond sale since March, when it successfully raised $2.25 billion. The timing is no accident: the investment-grade market is buzzing, with eight companies tapping into demand on the same day. Stellantis joins the pack in locking…
