LCDS Mart Ponders Par Payoff On Auto Loans
Investors in General Motors and Ford Motor Co. credit may get taken out at par on a combined USD23.5 billion as part of a government bailout. Such a pay down could be stimulating for the loan-only credit default swap market, where cancellation of the LCDS contracts would be a huge windfall for buyers.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts