Fiat Chrysler continues funding drive with €3.5bn bond

By Mike Turner
30 Jun 2020

Fiat Chrysler Automobiles, the Italian-American crossover-rated car company, launched €3.5bn of bonds into the market on Tuesday, days after its Italian arm had agreed €6.3bn of bailout funds guaranteed by Italy.

The Ba1/BB+/BBB- rated company brought a triple tranche bond that was run off both high grade and high yield syndicate desks. It was priced on a yield basis — more common on high yield issues.

“It went great," said a lead on the trade. "People are still looking for ...

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