Fiat nets €850m, shrugs off Italy downgrade

Fiat, the Italian carmaker, priced an €850m long six year bond on Tuesday, winning a strong book. The notes came with a 6.75% coupon at par and traded up on the break.

  • By Stefanie Linhardt
  • 11 Jul 2013

“It went really well,” said a banker close to the deal. “We had very strong high-yield [investor] participation and a strong book. 

“It’s clearly indicative that the markets are back, when you can price Fiat trades at the tight end and can get size out of the market.”

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