Ferrari debuts in the US private placement market

Ferrari 230x150
By Silas Brown
05 Aug 2019

Luxury sports car company Ferrari has sold €300m of US private placement notes, according to an SEC filing on Friday. Its debut offering is one of only a handful of transactions from the auto sector to reach the market.

Ferrari sold 10 and 12 year tranches, at coupons of 1.12% and 1.27%. One PP agent away from the deal said the transaction was arranged by Citi. 

The notes were sold to institutional investors from the United States, according to the SEC filing. The proceeds will be used for ...

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