Ford Motor Details

May 28th, 2009 10:43 am | by John Jansen |

Here is some flesh  on the bones of the Ford Motor deal I spoke of in the previous post.

It will be benchmark size with a 5 year maturity. It will carry an 8 percent coupon and a dollar price of 82. I am sure the folks at Ford are sure there is a dearth of triskaidekaphobiacs in the room because that dollar price and coupon equates to 13 percent yield.

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  1. One Response to “Ford Motor Details”

  2. By rdurig on Aug 1, 2009 | Reply

    You should look at current 5 year ford bonds on the market, the yield today is less. http://investment-income.net/rates/high-yield-bonds-rate-page

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