Demand drives Ford Credit ABS sale to $1.5 bln

Newswire

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 ...

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