FMCC ups planned three-year bond to 1.5 bln euros

Newswire

LONDON, April 23 (Reuters) - Ford Motor Credit Company (FMCC), the finance arm of Ford Motor Co , has increased the size of its planned bond sale to 1.5 billion euros from 1.0 billion euros, bankers close to the deal said. FMCC also plans to price the three-year bond to yield 260-263 basis points over the swaps curve, less than initial price guidance of 265-270 basis points over swaps, bankers said. Credit Lyonnais, Deutsche Bank and UBS Warburg have been mandated to lead manage the ...

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