Ferrari bond placement ends, 2.7 bn euros in orders

(ANSA) - Milan, March 9 - The placement of Ferrari bonds was closed on Wednesday, sources at the Milan bourse said. The issue amounts to 500 million euros and garnered orders worth some 2.7 billion euros. The bond offers a yield of 140 basis points compared to the midswap reference rate. The glamour sportscar maker was recently quoted on the Milan stock market after being spun off from its parent Fiat Chrysler Automobiles (FCA), of which Marchionne is CEO.