Stellantis sells 5 billion euros in bonds to bolster finances after EV charges

• Reuters

• Published On Mar 11, 2026 at 02:45 PM IST

Stellantis said on Wednesday it has priced a multi-tranche 5 billion euro ($5.8 billion) equivalent hybrid bond offering, tapping capital markets weeks after it announced multi-billion charges in a major reset of its electric vehicle strategy. The automaker announced last month it was ‌taking 22.2 ⁠billion euros in ⁠impairments after rolling back its electric-vehicle (EV) push, a shift CEO Antonio Filosa attributed to overestimating how quickly customers would switch to cleaner driving.As ​part of the move, Stellantis announced it would issue up to 5 billion euros in non-convertible subordinated perpetual hybrid ​bonds to help it preserve a ⁠strong balance ‌sheet and available liquidity.Stellantis said on Wednesday ​the ​bond offering – which was executed on Tuesday – consisted ⁠of three tranches: 2.2 billion euros in perpetual fixed-rate ​resettable notes with a 5.25-year non-call period ​and a 6.25 per cent coupon; 1.8 billion in perpetual notes with an 8-year non-call period and a 6.875 per cent coupon; 865 million pounds ($1.16 billion) in perpetual notes with a 6.5-year non-call period initially paying an 8.25 per cent coupon.”This issuance will ‌further strengthen Stellantis’ capital structure and liquidity position,” the Jeep-to-Peugeot maker said in a statement.The notes ​settlement is ​expected on March ⁠16. The automaker, whose brands also include Ram, Chrysler, Fiat and Citroen, is shifting to put greater emphasis on hybrid and internal ​combustion models – versus former CEO Carlos Tavares’ EV-centred strategy – arguing demand for fully electric vehicles has lagged earlier projections, particularly in the United States.Stellantis will present its new long-term business plan on May 21.