Ford (F)

Ford Motor Credit, the finance arm of Ford Motor Company, is planning to sell a new issue of bonds due 2020.
Net proceeds of the bond sale will go toward Ford Motor Credit's general funds, according to the filing, and will be available for the purchase of receivables, for loans and for use in connection with the retirement of debt. Price guidance for the new offer, which is estimated to be $1 billion in size, has the notes yielding in the area of 8.25%-8.375%.

Dec 8 · 2:42:00 PM · Source: Reuters
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto