Fiat launched this morning on the market a fixed-rate bond maturing in October 2016. At the end of the morning, the level of orders exceeded 1,3 billion, while the yield stood at 7,75%. The banks leading the operation are Bofa, Bnp Paribas, Citi, JP Morgan, Morgan Stanley and SocGen.
The bond issue was carried out by Fiat Finance and Trade Ltd., wholly owned by Fiat spa, as part of the Global Medium Term Notes program guaranteed by Fiat spa. In the morning, the company announced that it intends to request the listing of the securities, as well as admission to trading, on the Irish regulated market (Irish Stock Exchange).
