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Report: Harley Davidson in $562 Million Bond Deal

 
By Darryl R. Isherwood
FOXBusiness
     

    Harley Davidson has issued a $562 million bond deal, Dow Jones has reported, citing unnamed sources.

    The bonds will be sold under the Federal Reserve's Term Asset-Backed Securities Loan Facility, known as TALF, designed to spark the market for securities based on loans and debts.

    Harley-Davidson's sale includes three AAA-rated one-year, two-year and 2.5-year notes, a AA-rated 2.76-year tranche and an A-rated three-year note issue, Reuters reported.

    The bond issue is led by J.P Morgan, BNP Paribas, Citigroup and RBS.

    This month, more deals that are not eligible for TALF have sold versus those that are, the first time that has happened since the launch of the TALF in March.

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