Fiat announced today the regulation of the bond issue in Swiss francs announced last November 8th. It will be a guaranteed bond with a total value of 400 million francs (331,2 million euros), with a fixed coupon of 5,25%, maturing in November 2016 and an issue price equal to 100% of the nominal value. The bond loan price was set on November 8th.
The notes were issued by Fiat Finance and Trade Ltd, a société anonymous, wholly owned by Fiat Spa, as part of the Global Medium Term Notes program guaranteed by Fiat Spa.
Moody's assigned the bonds a rating of B1, while the rating of Standard & Poor's is BB- and that of Fitch BB. The securities have been provisionally admitted to trading on the regulated Swiss market. Definitive admission to listing will take place according to the timing and rules of the Six Swiss Exchange.
As for the stock on the Stock Exchange, at the beginning of the afternoon Fiat left the field 0,60%.
