Ifil launches 145 mln euro bond to refinance credit

Newswire

MILAN, Dec 20 (Reuters) - Italian holding company Ifil , said on Friday it had launched a three-year bond worth 145 million euros to refinance credit lines due to expire in 2003. In a statement, Ifil said the bonds had been sold to institutional investors and were rated "A" by Standard & Poor's credit ratings agency. Italian bank Rasfin was the sole lead manager. Ifil is owned by the Agnelli family and is one of the controlling shareholders in loss-making industrial group Fiat , ...

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