UPDATE 2-IFIL 750 mln euro bond at 80 bps over midswap

Newswire

(Releads with bond value, details) MILAN/LONDON, May 23 (Reuters) - IFIL, the holding company behind Italian automaker Fiat, has raised the value of a bond issue to 750 million euros and cut its yield in light of the huge demand, sources close to the operation said on Wednesday. Faced with orders worth 3.5 billion euros, IFIL raised the value of the 10-year bond from an originally planned 500 million euros, the sources said. It also trimmed its yield to 80 basis points over mid-swap ...

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