Ford Motor is doing a benchmark three year deal. I have not heard price talk but there is an outstanding issue, the 7.80s of 2012 which trades to a dollar price around 92. I am told that at that level it yields around 11.25. Citibank is also raising money in the 2 year and 3 year sector. I have heard it will be a combination of fixed rate and floating rate paper. The firm is still a basket case as this money is being issued under the TLGP program which means that you and I and our fellow tax
Corporate Bond Issuance
7月 31st, 2009
Tags: フォード情報