NEW YORK, Jan 29 (Reuters) - Ford Credit Auto Lease Trust bumped up the size of its asset-backed securities offering by $500 million to $1.5 billion on Friday to accomodate investor demand for its sale, market sources said. The offering backed by auto leases was initially marketed at $1 billion but quickly grew as buyer interest in the non-TALF deal increased. Ford Credit's AAA-rated one-year notes priced at a spread of 60 basis points over Eurodollar swap futures, while its 1.41-year ...
Premium Content (PAID Subscription Required)
"Demand drives Ford Credit ABS sale to $1.5 bln" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.