UPDATE 1-FMCC sells 1.5 billion euro three-year bond

Newswire

(Adds byline, background, analyst comment, bond price) By Alex Clelland LONDON, April 23 (Reuters) - Ford Motor Credit Company (FMCC), the finance arm of Ford Motor Co , launched a 1.5 billion euro three-year bond on Wednesday, increased from initial plans for a one billion euro sale. FMCC priced the bond, which carries a 5.5 percent coupon and matures on May 2, 2006, to yield 277.354 basis points over the OBL 137 German government bond. As well as increasing the size of the ...

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