Published on 10/5/2006 in the Prospect News High Yield Daily.
New Issue: Ford Credit prices $250 million five-year floaters at Libor plus 405 bps
By Paul A. Harris
St. Louis, Oct. 5 - Ford Motor Credit Co. announced that it priced a $250 million issue of five-year floating-rate notes at par to yield three-month Libor plus 405 basis points on Thursday.
UBS Securities was the underwriter, according to a prospectus filed with the Securities and Exchange Commission.
The issuer is the auto financing unit of Dearborn, Mich.-based Ford Motor Co.
| Issuer: | Ford Motor Credit Co.
|
| Amount: | $250 million
|
| Issue: | Floating-rate notes
|
| Maturity: | Dec. 20, 2011
|
| Coupon: | Three-month Libor plus 405 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 405 bps
|
| Trade date: | Oct. 5
|
| Settlement date: | Oct. 13
|
| Bookrunner: | UBS Securities
|
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