Digital Assets in Capital Markets

Advanced course on digital assets - assets created using a blockchain/DLT network - designed for finance professionals.

IBF-STS
8 CACS CPD Hours

15 November 2022 (Tuesday) | 9am-5pm

Ford Motors gave a guidance for its Q4 results saying that it includes an $8.2bn gain on its investment in Rivian Automotive Inc., an American electric vehicle automaker and automotive technology company. Rivian debuted in public markets with a $12bn IPO in 2021 and a 53% gain to cross a valuation of $100bn. Ford owns about 12% of Rivian with the former having already pledged to invest over $30bn in EVs by 2030. Ford said that the $900mn Q1 gain in Rivian would be considered a special item and thereby change its EBIT guidance from prior forecasts of $10.5-$11.5bn. Ford also said that it would record ~$1.7bn in costs related to its buy backs and redeeming more than $7.6bn in high-cost debt in the fourth quarter.

Ford’s bonds were stable with its 4.271% 2027s at 105.53, yielding 3.02%.

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