New Issue-Ford Motor Credit $1 billion 2-part debt

Newswire

Oct 26 (Reuters) - Ford Motor Credit Co., the finance arm of Ford Motor Co. , sold $1 billion of medium-term notes in two parts, said joint lead manager Deutsche Bank Securities Inc. on Wednesday. Barclays Capital and ABN-LaSalle were the other joint lead managers for the sale. BORROWER: FORD MOTOR CREDIT CO. FIRST TRANCHE: AMT $500 MLN COUPON 300 BPS/ 3-MO LIBOR MATURITY 11/2/2007 TYPE FLTG RT MTN ISS PRICE 100 1ST PAY DATE 2/2/2006 LAST MOODY'S Baa3 YIELD N/A PAY FREQ QUARTERLY LAST ...

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