Iveco Group N.V. has successfully raised a Schuldschein loan (a private placement governed by German law) for EUR 290 million. The loan comprises two tranches with maturities at three and five years, both at variable interest rates. The proceeds are going to be used for general corporate purposes, replacing existing bank facilities.

Following high demand, the initial target volume was significantly exceeded, with the interest rates being fixed at the low end of the price range.