Friday, May 18, 2007

Ford Motor Credit, Dynegy Lead Companies Selling $28.2 Billion of Bonds

(Bloomberg) -- Ford Motor Credit Co., the profitable
financing arm of the second-largest U.S. automaker, and power-
plant owner Dynegy Inc. led borrowers in selling $28.2 billion of
bonds this week as yield premiums reached the lowest in 12 weeks.

Sales compare with $30.3 billion in all of last week, and
exceed the 2007 weekly average of $23.8 billion, according to
data compiled by Bloomberg. Ford Motor Co.'s unit issued $1.5
billion of debt as its bonds rallied, and Dynegy sold $1.65
billion of high-yield, high-risk, or junk, securities.


Read more at Bloomberg Bonds News

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