Fiat Industrial seeks Eu2.2bn debut as Australian borrowers hunt

28 Feb 2011

Three corporate borrowers are roadshowing euro bonds this week, including newly created Fiat Industrial, adding to the European market’s small pipeline. Bankers are confident, however, that issuance will increase further soon thanks to most companies having released full year results.

Fiat International, which makes trucks and tractors and was spun out of Fiat on January 1, is seeking to issue a debut bond of up to Eu2.2bn after a roadshow that starts on Tuesday.

The borrower, rated Ba1/BB+, has mandated Banca IMI, Barclays Capital, BNP Paribas, Citi, Crédit Agricole, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial