1987 - Year of the shrinking market?
David Robison, vice president treasurer of Chrysler Financial Corporation, will have $1.2 billion of term debt maturing next year, and refinancing that will be a priority.
Beyond that, Chrysler Financial's funding needs may well be increasing. That's largely due to the success of its consumer finance and commercial leasing subsidiaries, which have both been growing at a rate of around 20% a year. In 1987, these should bring in something between $700 and 800 million in new receivables.
The big question is what kind of growth or otherwise there will be in auto finance for Chrysler in 1987. Robison expects to be looking for roughly the same total in term debt from the US domestic and international capital markets as the 1986 amount: around $2.5 billion.
Chrysler Financial will, however, be borrowing proportionately less from the US commercial paper market because of the type of receivables the company will be taking on to its books. In the second half of 1986 it drew heavily on CP and over the year it issues an additional $1.5 billion. It now has $7.5