A group of banks, led by JP Morgan, has sold $6 billion (€4.3 billion) of debt related to the sale of Chrysler to Cerberus Capital Management, according to a report by UK Newspaper The Financial Times.
The report said that Bear Stearns, Citigroup, Goldman Sachs, JP Morgan Chase and Morgan Stanley have managed to sell $6 billion of the debt at 95 cents on the dollar, after raising rates by around 125 basis points.
