Car makers drive front-loaded US corporate bond issuance
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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