Amadeusz Juskowiak

Fiat unit issues 100 mln dlr bond and warrants

Fiat Finance and Trade Ltd is issuing a 100 mln dlr eurobond due April 2 1991 at 714 pct and 10118 pct lead manager Morgan Stanley International said

The issue is guaranteed by Internazionale Fiat Holding SA and is accompanied by a 200000 currency warrant package

The bond is available in denominations of 5000 dlrs and will be listed in Luxembourg Payment date for bond and warrants is April 2 1987 The selling concession is 118 pct while management and underwriting combined pays 12 pct

The warrants indicated at 45 dlrs entitle the holder to buy a minimum of 500 dlrs at a rate of 179 marks per dlr

The warrants are exercisable from the April 2 payment date until March 2 1989 A minimum of 200 warrants must be exercised They will also be listed in Luxembourg

REUTER