Renault’s Debut Green Bond Gets Bids of Four Times The Size (1)

Renault SA sold its first green bond to help finance electric vehicles, tapping the euro market for the debt at a time when the industry is grappling with weak demand for battery-powered cars.

The French carmaker drew over €3.4 billion ($4 billion) of orders for a €850 million note due September 2030, according to a person familiar with the matter who asked not to be identified. It priced at 3.875%, 50 basis points tighter than initial price thoughts. It’s Renault’s first bond in the single currency since 2021.

Proceeds will be used to finance and refinance investments related to zero ...