Tesla Plans $783 Million Debt Sale Backed by Prime Leases
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Tesla Inc. is premarketing a $783 million debt sale backed by prime borrowers’ car leases, which would join a recent surge in automotive asset-backed securities.
The deal, being run by Societe Generale, would be the electric-vehicle maker’s second transaction of the year and is expected to price next week, according to a person familiar with the matter who asked to be identified as they’re not authorized to speak publicly. March’s $750 million deal had a 5.53% coupon on its top tranche.