Fiat has mandated Credit Suisse and UBS to place the Swiss franc bond announced this morning on the market, which should have a four-year duration and a 4% coupon. The benchmark bond loan, according to the Lingotto press release, will be issued by Fiat Finance and Trade Ltd, a wholly owned subsidiary of Fiat.
Fiat had placed a bond of 400 million Swiss francs at par with a fixed coupon of 5,25% and maturing in November 2016.. Last year, Fiat placed a 400 million Swiss franc bond at par with a fixed coupon of 5,25% and maturing in November 2016.
