(Updates with pricing details) By Dena Aubin NEW YORK, June 21 (Reuters) - General Motors Corp.'s recent downgrade to junk status did not dampen appetite for the first bond sale from its home mortgage unit on Tuesday, but the deal offered hefty yields to drum up demand. The $4 billion bond sale from Residential Capital Corp. drew as much as $17 billion in orders, according to investors looking at the deal. Underwriters were not immediately available to comment on the private sale. ...
Premium Content (PAID Subscription Required)
"UPDATE 1-Demand is high for GM's home mortgage unit debt" 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!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642