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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (44295)10/26/2005 4:16:58 PM
From: ild  Read Replies (1) of 110194
 
Ford debt is still finds buyers. Looking at the team of underwriters the buyers are from Yurop.

NEW YORK (Dow Jones)--Ford Motor Credit, the finance unit of Ford Motor Co. (F), priced $1 billion of fixed and floating rate notes through joint lead managers Barclays Capital, Deutsche Bank Securities and ABN Amro unit LaSalle, according to one market participant.

The settlement date on the two tranches is Nov. 2. The notes are rated Baa3 by Moody's Investors Service, BB+ by Standard & Poor's and BBB- Fitch Ratings.

Terms were as follows: 


Amount:         $500 million 
Maturity:       Nov. 1, 2010 
Coupon:         8.625% 
Issue Price:    99.135 
Yield:          8.843% 
Spread:         437.5 basis points over Treasurys 
 
Amount:         $500 million 
Maturity:       Nov. 2, 2007 
Coupon:         300 basis points over 3-Month Libor 
Issue Price:    Par 
Yield:          300 basis points over 3-Month Libor


EDIT: Yurop is here:
idorfman.com
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