The FINANCIAL - FGA Capital Price Talk On EUR500 Million Two-Year Bond At 5.50% Area

FGA Capital Price Talk On EUR500 Million Two-Year Bond At 5.50% Area

21/02/2012 04:28 (91 Day 04:18 minutes ago)

The FINANCIAL -- FGA Capital, a financing joint venture between Fiat SpA and Credit Agricole SA, is planning a EUR500 million, two-year bond, one of the banks running the deal said Tuesday.

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According to Borsa Italiana - London Stock Exchange Group, initial price talk is for the bond to yield in the area of 5.50%.

Credit Agricole SA, Citigroup Inc. and UniCredit SpA are the lead managers on the sale.

The issuer is rated Baa3 by Moody's Investors Service Inc., BBB by Standard & Poor's Corp. and BBB+ by Fitch ratings .

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