Ford Motor Credit sells $1 bln 10-year notes

Newswire

NEW YORK, Nov 17 (Reuters) - Ford Motor Co.'s finance arm on Monday sold $1 billion of 10-year notes, joint lead manager J.P. Morgan said, attracting strong demand after winning a stable outlook on its ratings last week. The issue from Ford Motor Credit Co. is a reopening of $2 billion of 7 percent notes due 2013 sold in September. The new notes were priced to yield 2.57 percentage points more than Treasuries, compared with a spread of 2.80 percentage points on the original issue. Yield ...

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