Fiat Chrysler Shares Jump After Launching Bond, Share Sale

Shares in Fiat Chrysler Automobiles (NYSE:FCAU) rose more than 1 percent in early trade on Friday after the company launched an expected share offer and a $2.5 billion mandatory convertible bond as it seeks to reduce its mounting debt pile and fund an ambitious five-year investment plan.

At 0803 GMT (03:03 a.m. EST), the stock was up 1.5 percent at 10.78 euros, compared with a 1.2 percent rise in Milan's blue-chip index <.FTMIB>.

(Reporting by Agnieszka Flak)