Ford Credit to sell up to $17 bln public debt in '07

Newswire

NEW YORK, April 26 (Reuters) - Ford Motor Credit Co., the financing arm of Ford Motor Co. , plans to issue $10 billion to $17 billion of public debt in 2007, the company said in a slide presentation posted on its Web site. About $3 billion of the funding plan has been completed year to date, the company said. The total is expected to include $3 billion to $5 billion of unsecured debt and $7 billion to $12 billion of securitized debt, the company said.

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