Auto Loans Trade Softer With Chrysler News

Term loans for Ford Motor Co. and General Motors traded a little softer Wednesday after DaimlerChrysler Chief Executive Dieter Zetsche stated the company is in talks to potentially sell Chrysler.

  • 06 Apr 2007
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Term loans for Ford Motor Co. and General Motors traded a little softer Wednesday after DaimlerChrysler Chief Executive Dieter Zetsche stated the company is in talks to potentially sell Chrysler. Ford's term loan "B" was trading around par 1/8-3/8 while GM's was trading around 5/8-7/8 plus, according to a trader. Loan-only credit default swaps for Ford were slightly wider at 240-250. GM's LCDS were out about five basis points on the day to around 176-191, the trader said. Kirk Kerkorian's investment vehicle, Tracinda, said in a letter to DaimlerChrysler's board that it is prepared to offer $4.5 billion to buy the unit, according to a Wall Street Journal article Thursday, at press time.

  • 06 Apr 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 118,826.70 342 11.07%
2 Bank of America Merrill Lynch 94,721.79 272 8.82%
3 JPMorgan 92,878.89 270 8.65%
4 Wells Fargo Securities 82,807.12 240 7.71%
5 Credit Suisse 70,475.74 184 6.57%