Ford Motor Credit to sell $1 bln 10-year notes

Newswire

NEW YORK, Nov 17 (Reuters) - Ford Motor Credit Co. plans to sell $1 billion of 10-year notes as early as Monday in a reopening of an issue sold in September, market sources said. The issue from the finance arm of auto giant Ford Motor Co. is expected to be priced at yields of 2.55 to 2.65 percentage points more than comparable U.S. Treasuries, market sources said. J.P. Morgan and Citigroup are managing the sale. The deal comes after a dramatic rally in Ford bonds following last week's ...

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