Fiat Chrysler Automobiles NV’s euro bonds fell after Chief Executive Officer Sergio Marchionne said the automaker is considering potential mergers and acquisitions.
The company’s 1.35 billion euros ($1.43 billion) of 4.75 percent notes due July 2022 fell 0.7 cents on the euro to 111.14 cents, the lowest in almost a month, according to data compiled by Bloomberg. The notes were priced at 100 cents in July and rose to a high of 115.6 cents on March 2.
Marchionne, the architect of the 2014 merger that combined Italian car producer Fiat and U.S. counterpart Chrysler, has been a vocal proponent of consolidation in the auto industry. Fiat Chrysler would provide data to explain to investors the benefits of mergers, the CEO said in Amsterdam Wednesday.
Fiat Chrysler’s 1 billion euros of 4.75 percent bonds due March 2021 also fell, down 0.6 cents on the euro to 110.3 cents.