Ford Motor Credit, a division of Ford Motor, has raised $1.25 billion through the sale of senior unsecured notes, Bloomberg reports. The notes carry a coupon rate of 5.00% and are scheduled to mature on May 15, 2018.
BNP Paribas, Citigroup, Morgan Stanley and RBC served as the joint bookrunning managers for the transaction. In February, Ford Motor Credit sold $1.25 billion of 5.75%, 10-year notes.
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