Europe: OEMs face rising refinancing costs

According to a Bloomberg report, Renault SA has been forced by what it refers to as "more difficult" financial market conditions to reduce a planned sale of bonds by 20%. The OEM sold €400m (US$492.7m) of five-year bonds, €100m less than it originally sought, with a yield premium at the higher end Subscribe to Automotive World to … Continued

• By Webmaster
• June 25, 2010