The automaker giant is issuing $1.08B of bonds backed by auto loans, people familiar with the transaction reported who asked not to be identified for the reason that terms aren’t public. The people said that GM Financial, which provides loans to buyers with poor credit purchased by General Motors Co. (NYSE:GM), is selling $1B in same debt,.
According to data compiled by Bloomberg, automobile debentures account for $92B of the $213B of asset-backed bonds associated to consumer and business lending offered this year as vehicle sales increased. Dearborn, Michigan-based Ford has offered $5.2B of the securities attached to loans in 2012, increased from $2.52B previous year, the data show.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes General Motors Company (NYSE:GM) lost -2.62%, Tesla Motors Inc (NASDAQ:TSLA) declined -0.74%, Tata Motors Limited (ADR) (NYSE:TTM) which decreased -1.24% and Honda Motor Co Ltd (ADR) (NYSE:HMC) closed down -0.64%.
Ford Motor Company (NYSE:F) stock’s trade at beginning with a price of $11.02 and throughout the trading session climbed at a high of $11.05 other than when day-trade ended the stock finally declined -3.00% to $10.67.
The stock is going forward its 52 week low with 22.06% and lagging behind from its 52 week high price with -16.95%. F last month stock price volatility remained 2.54%.
F stock institutional ownership remained 52.97% while insider ownership included 0.33%. In its share capital F has 3.74 billion outstanding shares among them 3.65 billion shares have been floated in market exchange.
Company’s beta coefficient included 2.28. Beta factors measures the amount of market risk associated with market trade.