By Dena Aubin NEW YORK, June 24 (Reuters) - A jumbo bond sale from General Motors Corp. is unlikely to prompt a wave of issuance from companies facing record pension deficits, analysts said. Accounting standards give so much leeway in financing pension obligations that locking in long-term debt is usually not the most attractive option, they said. "There's such flexibility built into the timing and amounts of required pension contributions that many companies don't borrow to contribute ...
Premium Content (PAID Subscription Required)
"Pension gap unlikely to spur US debt issuance wave" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.