Seeking Alpha

Fiat considers issuing convertible bond

  • Fiat (FIATY) eyes issuing a convertible bond to help boost its liquidity after striking a deal to buy Chrysler.
  • CEO Sergio Marchionne thinks a convertible bond is the right strategy as a capital hike would prove "destructive" to the company.
  • Reports in Italian media peg the proposed bond size at €1.5B ($2.04B).
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