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MILAN (Reuters) – U.S. manufacturer Chrysler is thinking to near a care to refinance $7.5 1000000000 of polity debt by May 24, according to details of Chrysler's offering note to the banks published on weekday by newspaper Il Sole 24 Ore.

The restructuring of debt Chrysler owns to the U.S. and river governments module permit it save $200 meg a year, honcho chief Sergio Marchionne told a gathering of bankers in New York, according to several European newspapers.

Last assemblage Chrysler paid $1.2 1000000000 in welfare on bailout money received from the governments in 2009.

The care module comprise a assign distinction for $1.5 billion, eight- and 10-year bonds worth $2.5 1000000000 and $3.5 1000000000 of guaranteed six-year notes aimed at institutionalised investors, Il Sole 24 Ore said, citing the Chrysler document.

The Big Three U.S. maker plans to near the care by May 24, according to the document.

The debt defrayal paves the way for European assemble Fiat to raise its 30 proportionality wager in Chrysler by added 16 percent.

Fiat, Italy's large manufacturer and conception of the country's crowning industrial group, aims to add added 5 proportionality before the modify of 2011 to acquire flooded curb of Chrysler.

Chrysler Group is in no festinate to go public, Marchionne, who is also honcho chief of Fiat, said on Wednesday, adding the U.S. maker "technically" did not requirement to raise equity.

Fiat shares were up 1.1 proportionality at 7.255 euros at 0732 GMT, twice the uprise in the STOXX Europe 600 autos index.

(Writing by Lisa Jucca; Editing by Dan Lalor)

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