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Fiat may be planning $2-bn convertible bond, stock down

'Carmaker in preliminary talks with banks'

27 February, 19:53
Fiat may be planning $2-bn convertible bond, stock down (ANSA) - Turin, February 27 - Fiat stock slumped Thursday after Bloomberg reported the carmaker may plan to roll out a $2-billion convertible bond.

The business outlet also said Fiat is in preliminary talks with banks to assist it on the transaction if it proceeds with the launch. Shares fell 1.8% to 7.60 euros after dropping as low as 7.49 euros during the day's trading.

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