Fiat returns for third helping

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Fiat returns for third helping

November 11, 2009 12:00 am

Issuers from all ends of the ratings spectrum piled into the euro bond market early this week, with Coca Cola Hellenic Bottling leading the way on Monday with a Eu300m deal. Sporadic borrowers Hutchison Whampoa, the Hong Kong conglomerate, and Swedish investment company Investor AB, followed on Tuesday, while Ba1/BB+ rated Italian carmaker Fiat also returned for its third euro deal of 2009, managing to bring the coupon down to below 7% for the first time this year and drawing an order book of Eu7.5bn. The deal widened slightly on the break, however, but had tightened again by Wednesday morning. Read EuroWeek on Friday to follow up on how these deals have performed and been received.

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