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New Issue - Ford prices $3 bln auto ABS - source

NEW YORK, July 22 (Reuters) - Ford Motor Credit, a unit of Ford Motor Co. , on Thursday priced $3 billion in asset-backed securities supported by loans made to car dealers to finance their inventory, a source close to the deal said.

The deal was jointly led by Citigroup, Merrill Lynch, and Morgan Stanley, while the co-managers were HSBC, Lehman Brothers, and UBS, the source said.