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Ferrari Ponders €500 Million Bond Sale
Ferrari NV plans a €500 million bond sale pending “decent” market conditions, Chairman Sergio Marchionne tells Bloomberg Television.
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Ferrari NV plans a €500 million bond sale pending “decent” market conditions, Chairman Sergio Marchionne tells Bloomberg Television.
The supercar company, which was spun off in January from Fiat Chrysler Automobiles NV, has hired banks to meet with potential investors, sources tell Bloomberg. The sale would be Ferrari’s first entry into the bond market in decades.
Bloomberg notes that demand for corporate debt has revived sharply this month after a worldwide slump in February.
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