By Dena Aubin NEW YORK, May 28 (Reuters) - Automaker DaimlerChrysler on Wednesday raised $2.5 billion from a sale of five-year global notes, capping what is on pace to be the busiest month of corporate bond issuance in the U.S. markets this year. The lowest interest rates in at least a generation have unleashed a flood of bond sales as companies refinance higher-coupon debt or lock in low rates for future needs. DaimlerChrysler's sale brings expected total investment-grade issuance ...
Premium Content (PAID Subscription Required)
"UPDATE 1-DaimlerChrysler unit sells bonds as rates tumble" 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.