March 20, 2012 / 8:18 AM / 5 years ago

Fiat opens books for new 5-yr bond-sources

MILAN, March 20 (Reuters) - Italian carmaker Fiat will collect orders on Tuesday for a new five-year benchmark bond in euros, sources close to the deal said.

Initial indications on the yield of the new issue were in the 7 percent area, the sources said.

Fiat said earlier on Tuesday it planned to issue a benchmark eurobond within its global medium term notes programme.

Reporting by Gabriella Bruschi

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