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 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 32,618.79 103 11.88%
2 JPMorgan 25,662.81 73 9.35%
3 Wells Fargo Securities 24,627.51 67 8.97%
4 Bank of America Merrill Lynch 23,023.30 73 8.39%
5 Barclays 17,051.25 56 6.21%