IFR-US CORP BONDS-HY Midday: Ford Motor Credit on tap

Newswire

by Joy Ferguson NEW YORK, April 28 (IFR) - The high-yield primary market is active today with a drive-by from Ford Motor Credit and three other deals anticipated. FMCC is targeting a benchmark sized seven-year senior unsecured transaction via Citigroup, BNP Paribas, Morgan Stanley and RBC joint books. The Ba2/BB-/BB- rated issue is talked at 5.125% area and is earmarked for general corporate purposes. Other deals expected today include iPayment with its two-part issue through JP Morgan, ...

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