Fiat India cuts price of old loan after successful car debut

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By Pan Yue
26 Apr 2018

Fiat India Automobiles, the India-based wholly-owned subsidiary of Italy’s FCA Group, has cut the price of a $250m old project loan by converting it into a corporate finance deal.

Fiat India first sealed the deal in 2016. The proceeds were then used to set up an assembly line for the production of the Jeep brand of automobiles in the country.

After successfully launching its first Jeep vehicle last year, the borrower has now converted the old borrowing into a ...

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