MILAN (Reuters) - Italian holding company Exor (>> EXOR SpA), a key investor in carmaker Fiat (>> Fiat SpA), said on Thursday it had bought back 238.6 million euros (187.57 million pounds) of a bond maturing in June 2017.

The company said last month it would offer to buy back the bond, with a residual size of 690 million euros, and launch a new issue denominated in euros seeking to lengthen the average maturity of its debt.

The benchmark rate, the purchase yield and the purchase price of the tender offer will be determined at around 1200 GMT, Exor added. The 2017 bond Exor was offering to repurchase had an initial size of 750 million euros.

(Reporting by Agnieszka Flak, editing by Danilo Masoni)

Stocks treated in this article : Fiat SpA, EXOR SpA, CNH Industrial NV