FCA Bank benefits from slower start to 2019

Fiat (right size for GC)
By Nigel Owen
15 Feb 2019

Italian auto finance bank FCA Bank found the feelgood factor in full effect on Friday as market participants suggested it priced a new three year deal more than 40bp tighter than if it had sold the same deal at the start of the year.

Car finance companies are often some of the first issuers to sell corporate bonds each year and 2019 was no different when Toyota Motor Finance and RCI Banque opened the market on January 3. 

But FCA Bank, which is a joint venture between Fiat Chrysler and Crédit Agricole, ...

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