Following Fiat S.p.A.’s today announcement of its launch of a note issuance denominated in Swiss Francs, Fiat S.p.A. confirms that the offering will be structured as follows:
– CHF 450,000,000 in principal amount of guaranteed 4.00% notes due November 2017, with an issue price of 100% of the principal amount.
The settlement of the offering is currently expected on 22 November 2013 in line with the Swiss market practice. The notes will be issued by Fiat Finance and Trade Ltd, société anonyme, a wholly-owned subsidiary of Fiat S.p.A., under the Global Medium Term Note Programme guaranteed by Fiat S.p.A.
The issuance is authorized pursuant to the resolution of the board of directors of Fiat S.p.A. dated 30th January 2013.
