This page has been archived and commenting is disabled.

First Heavily Oversubscribed TALF Deal Hits Market

Tyler Durden's picture




 

Hat tip reader Michael who points out that Nissan has launched a presumably heavily oversubscribed TALF deal which is a "AAA"-rated four-part sale that includes a 0.32 percent issue offered at a spread of 40 basis points over one month Libor, a one-year issue offered at 185-200 basis points over eurodollar swap futures and two-year and 3.16 year notes at spreads of 200 to 225 basis points and 325 to 350 basis points over swaps.

"First TALF deal goes off and its heavily oversubscribed. Its possible equities are continuing to rally based on the premise that the securitization market might be returning to some kind of life. AAA rated deal goes off 1mo LIBOR + 40bps."

 

- advertisements -

Do NOT follow this link or you will be banned from the site!