DaimlerChrysler blameless for five year spread firming

05 Jun 2003

There was much speculation in the dollar swap market this week about the effects of the on-off-on again $2.5bn 10 year global transaction from DaimlerChrysler.

The deal was launched last Wednesday, but pulled this Tuesday after DaimlerChrysler's US division announced losses of over $1bn this quarter. Moody's instantly put DaimlerChrysler on negative Watchlist.

However, the ...

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