Fiat Industrial, a unit of Fiat, is planning to offer €2.2 billion in bonds, Bloomberg reports. The proceeds from the bond sale are expected to be used to refinance a loan arranged in December 2010.
Fiat has appointed eight loan arrangers to work on the debt sale. Fiat Industrial is a trucks and tractors unit that separated from the Italian carmaker earlier in January 2011.
Click here for the story from Bloomberg.