UPDATE 2-Ford Motor Credit to sell $1 bln notes

Newswire

(Recasts, adds investor comment) By Dena Aubin NEW YORK, Oct 26 (Reuters) - Ford Motor Co.'s Ford Motor Credit Co. finance arm plans to sell $1 billion of debt on Wednesday, making the most of a sharp rally in its bonds last week that lowered borrowing costs. The offering will include two-year floating rate notes and five-year fixed-rate notes, joint lead manager Deutsche Bank said. Ford's bonds got a boost after rival General Motors Corp. won hefty cost concessions from the United ...

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