Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
The finance arm of Ford Motor Co. plans to sell $5.3 billion of car-loan bonds as investor demand increases for asset-backed securities, according Bloomberg.
| F | 8.73 |  0.09 |
The company has already made two sales in the asset-backed market this year. Brenda Hines, vice president of global communications at Ford Motor Credit confirmed the sale, Bloomberg said.
The Federal Reserve recently started expanding the type of collateral it accepts to give out loans from its Term Securities Lending Facility. Auto, credit card and student loan asset-backed securities (ABS) with 'AAA' ratings are now being accepted.
The moves have been made to boost liquidity in the U.S. credit markets after reluctance by investors to buy those types of securities.
The bond sale by Ford Motor Credit is being managed by Citigroup, Merrill Lynch & Co., BNP Paribas, Lehman Brothers Holdings Inc., Morgan Stanley and Royal Bank of Scotland.
Black Friday 2009 deals are everywhere online and now Apple has jumped onto the ...
A team of unidentified hackers has managed to steal "confidential" global warming data after breaking into the e-mail server of a prominent, Brit...
Online distributor for point of sale equipment, TYSSO and Pegasus.
Partners 
|
© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
