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.”

...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%