Following Fiat S.p.A.’s announcement earlier today of its launch of a benchmark note issuance denominated in Euro, Fiat S.p.A. confirms that the offering will be of € 1 billion in principal amount of 4.75% Senior Notes due March 2021, with an issue price of 100% of the principal amount.
The closing of the offering is currently expected on 21st March 2014. 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 offering was very well received and orders were significantly higher than the amount of the offering.
