Ford Motor Credit to sell $1 bln notes-joint lead

Newswire

NEW YORK, Oct 26 (Reuters) - Ford Motor Co.'s finance arm Ford Motor Credit Co. plans to sell $1 billion of debt in two parts on Wednesday, a syndicate source said. The offering will include two-year floating rate notes and five-year fixed-rate notes. Deutsche Bank, Barclays Capital and LaSalle Broker-Dealer Services, a division of ABN Amro, are joint lead managers on the offering. Ford Motor Credit is rated "Baa3" by Moody's Investors Service, "BB-plus" by Standard & Poor's and ...

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