RSS Feed by Calculated Risk on 4/09/2008 04:35:00 PM
Wednesday, April 09, 2008
Report: Goldman Sells Chrysler Debt at 63 cents on the dollar
From Dow Jones: Goldman sells $500 mln of Chrysler debt at very deep discount (hat tip barely)
Goldman Sachs placed $500 million of Chrysler Automotive's loans at a price of 63 cents Wednesday to an investor group that included hedge funds ... At such a price, the yield on the debt is more than 20%.More write-downs coming.
