The opening of the books for the new eight-year benchmark bonds of the Fiat group was announced in the morning. The new bond recognizes an annual flat coupon initially indicated in the 4,75% area and will be tradable on the Dublin market.
The operation is carried out by Fiat Finance and Trade Ltd sa, whose rating is B1 (stable outlook) by Moody's, Bb- (stable) by S&P and Bb- (negative) by Fitch.
The launch on the market is managed by a pool of banks formed by BofA Merrill Lynch, Commerzbank, Goldman Sachs International, Jp Morgan, Natixis, Santander Gbm and UniCredit as part of the Global Medium Term Notes operation of the issuing group.
