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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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%