Reported 3 days ago
Tesla Inc. is preparing to market a $783 million debt sale that is backed by car leases, joining a trend in the automotive asset-backed securities market. Managed by Societe Generale, this would be Tesla's second transaction this year, following a $750 million deal earlier. The move comes amid a spike in ABS activity, attributed to falling interest rates and narrowing spreads, positioning Tesla alongside other major U.S. automakers in utilizing the ABS market.
Source: YAHOO