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Honda Motor Co., Japan, the second largest producer of automobiles, sale of May to about 100 billion yen (1 billion U.S. dollars) from paper forderungsgedecktes of assets or securities, such as loosening of the credit and the increase the manufacturer to optimism in the debt markets.

Rates’ May be cheaper than we borrowed, “Executive Vice President Koichi Kondo said in an interview before. “If you do not need to borrow, it means that things are bad,” because there is no demand for car loans, he added.

Toyota Motor Corp. has today adopted a draft for the sale of 63 percent to around 130 billion yen, to use the markets for motor vehicles, their debts will be repaid and the creation Warche ready for financing – even in relation to an increase in demand. Honda plans to sell 1.65 million vehicles around the world within six months of March, compared with 1.55 million in the first half of the year.

“The bond environment is now much easier,” said Yoshihiro Okumura allows the monitoring of the equivalent of $ 365 million U.S. dollars in Tokyo on the basis of Chiba-gin Asset Management Co.

Toyota sold 60 billion yen of five years 1073 percent bonds and 70 billion yen of 10-percent of 1772 commitments hand, said in a securities regulator. With headquarters in Tokyo manufacturer of electronic Sony Corp. raised early this week, 220 billion yen in its most important marketing never bail. June 4 Honda sold 70 billion yen obligations of their first three-year bond in 16 years.

The lending business has deteriorated dramatically, “said Kondo. “The company is headquartered in Tokyo has not decided, would come into question if the new title, he added.

Sales of vehicles

In the five months from May to ban the sale of Honda in the U.S., the main market, fell by 34 per cent higher than the unemployment discouraged buyers. In Japan, sales rose by 16 percent. The new Insight hybrid helped to a 29 percent decline industrywide sales in the domestic market during the period.

Prices within six months of commercial paper sold by companies rated A-1 + decreased 0.24 percent from 0.715 percent a year ago, and the spread of 3-month commercial paper fell to a record level of 3.2 basis points, partly because of the policy of the Bank of Japan.

In an effort to reduce the crisis in international credit markets, the company on borrowers who BOJ began in January with unlimited access to the fund of three months at an interest rate of 0.1 percent of commercial paper as a guarantee.

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