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FRE Fresenius SE & Co KGaA

29.80
-0.39 (-1.29%)
19 Jul 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Fresenius SE & Co KGaA TG:FRE Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.39 -1.29% 29.80 29.68 29.92 30.33 29.73 30.12 27,328 22:50:02

Auto-Loan Backed $1.125 Billion Non-TALF Eligible Deal Launched

15/04/2009 5:47pm

Dow Jones News


Fresenius SE & Co KGaA (TG:FRE)
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From Jul 2019 to Jul 2024

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An auto loan-backed deal that was increased in size to $1.125 billion has launched, according to a person familiar with the deal.

The bond, USAOT 09-1, issued by USAA, a financial-services company, isn't eligible for funding under the Federal Reserve's Term Asset-Backed Securities Loan Facility, or TALF.

Intially, the deal was $946 million in size, but demand was "so strong" that the size was increased, according to one investor.

The largest triple-A rated tranche worth $587 million has launched at 165 basis points over swaps.

Price guidance on this tranche was in the 300 basis points over swaps area Tuesday.

The deal is expected to price later Wednesday.

Joint leads are Banc of America Securities and JP Morgan.

-By Anusha Shrivastava, Dow Jones Newswires; 201-938-2371; anusha.shrivastava@dowjones.com

 
 

1 Year Fresenius SE & Co KGaA Chart

1 Year Fresenius SE & Co KGaA Chart

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1 Month Fresenius SE & Co KGaA Chart

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