New Issue-FUEL Trust sells $1 bln in 5-yr notes

Newswire

June 14 (Reuters) - FUEL Trust Securities, a unit of Ford Motor Co on Tuesday sold $1 billion of Ford upgrade exchange linked notes in the 144a private placement market, said IFR, a Thomson Reuters service.

Bank of America Merrill Lynch, Barclays, JP Morgan and RBS were the joint bookrunning managers for the sale. BORROWER: FUEL TRUST SECURITIES AMT $1 BLN COUPON 3.984 PCT MATURITY 6/17/2016 TYPE NTS ...

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