Fiat he announced the settlement of the bond issue denominated in Swiss francs communicated on November 12 last year. It is a guaranteed bond loan for 450 million francs with a fixed coupon of 4%, maturity November 2017 and issue price equal to 100% of the nominal value. The price of the bond loan was also fixed on 12 November last.
The notes, issued by Fiat Finance and Trade Ltd, a subsidiary of Fiat SpA, as part of the Global Medium Term Notes program guaranteed by Fiat SpA, were rated B1 by Moody's, BB- by Standard and Poor's and BB- from Fitch.
The securities have been provisionally admitted to trading on the Swiss regulated market Six, Swiss Exchange. Final admission to listing will take place according to the timing and rules of the Six Swiss Exchange, concludes Fiat.
At the beginning of the afternoon, Fiat shares gained 1,3% in Piazza Affari.
