The reopening, announced on 4 September 2014, of the 4.75% notes maturing July 2022 initially issued on 15 July 2014 for the amount of € 850 million, has been settled today with the following characteristics:
- Issuance of € 500 million in principal amount of guaranteed 4.75% notes due July 2022, with an issue price of 103.265% and a yield to maturity of 4.25%, increasing the total amount of the issue to € 1.35 billion.
The Notes, which were issued by Fiat Finance and Trade Ltd, S.A., a wholly owned subsidiary of Fiat S.p.A., under the Global Medium Term Note Programme guaranteed by Fiat S.p.A., have been rated B2 by Moody’s Investors Service, BB- by Standard & Poor’s and BB- by Fitch. The Notes have been admitted to listing on the Irish Stock Exchange.
The issuance is authorized pursuant to the resolution of the board of directors of Fiat S.p.A. dated 15 June 2014.
