FMCC sells 1.5 billion euro three-year bond

Newswire

LONDON, April 23 (Reuters) - Ford Motor Credit Company (FMCC), the finance arm of Ford Motor Co , launched on Wednesday a 1.5 billion euro three-year bond, the lead managers on the deal said. FMCC priced the bond, which carries a 5.5 percent coupon and matures on May 2, 2006, to yield 277.354 basis points over the OBL 137 German government bond. Earlier on Wednesday, FMCC increased the size of the transaction from one billion euros and lowered the yield on offer to investors, reflecting ...

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