Ally Financial Inc, founded in 1919 and headquartered in Detroit, Michigan, is a leading digital financial services company aiming to deliver innovative solutions primarily in the automotive finance sector. The company offers a comprehensive suite of financial products, including auto financing, banking services, and investment management through its online platform.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Ally Financial began issuing bonds in the 1980s and has since become a key player in the fixed income market. Notable issuances include its 2020 $1 billion bond offering to strengthen its balance sheet during the pandemic, which attracted significant interest and a yield competitive with other financial institutions. As of October 2023, Ally's bonds yield around 4.5%, positioning it favorably within the industry, with features such as call options that provide added flexibility for investors.