Car makers drive front-loaded US corporate bond issuance

By David Rothnie
12 Apr 2017

The financing arms of General Motors and Toyota stood out in an otherwise subdued week for US corporate bond issuance in the run-up to the Easter weekend.

With supply constrained by US corporate earnings blackouts, the two car makers accounted for the lion’s share of the $7bn in supply that was priced on Monday and Tuesday.

Toyota Motor Credit Corp, rated AA3/AA-, came to market on Tuesday with a $2.25bn three part deal ...

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