Fiat considers issuing convertible bond

|About: Fiat Chrysler Automobiles NV (FCAU)|By:, SA News Editor

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).