Ford Motor Credit to issue US$124.1 mln in HK bonds


HONG KONG, Sept 23 (Reuters) - Ford Motor Credit Co, the financing arm of Ford Motor Co , said on Tuesday it would issue at least US$124.1 million in Hong Kong retail bonds, making it the first foreign firm to tap the city's retail debt market for funds. Ian Gosling, director of business strategy at Ford Financial Asia Pacific, said the proceeds from the issue would be used to fund the business of Ford Motor Credit. The company is issuing a minimum of HK$500 million (US$64.1 million) in ...

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