Well obiviously it is lower than your cost of capital or you wouldn’t take them, but from what I am seeing super low doesn’t come to mind when I look at them.
Ford is 8 steps into junk bond status. Their rating is CCC. They have to pay about 15% interest if they sell debt.
weren’t the automakers expecting money anyway for fuel efficient stuff even prior to any bail out talk? Remember how the big three wanted an “advancement” on the fuel efficiency spending money.
I could be wrong though.