CREDIT DAYBOOK AMERICAS: Citadel Loan Commits Due; GM Profit

Citadel Securities has commitments due on a multi-billion dollar loan to rework its existing debt as around 20 borrowers in all are tapping the leveraged loan market to raise debt before a typical August lull kicks in. Meanwhile, watch General Motors bonds after the automaker raised its profit target for the year by at least $1 billion and said its second-quarter earnings beat analysts expectations on stronger than expected US sales, especially its largest most profitable models.

• The spread on the Markit CDX North American Investment Grade Index, which declines as credit risk drops, tightened 0.32 basis points to ...