Michigan-based multinational automaker, Ford Motor, has issued $880 million in a asset-backed bond, The Wall Street Journal reports. The initially planned size of the bond was $586 million.

BNP Paribas, Deutsche Bank and Royal Bank of Scotland were appointed as the lead managers of the offering. Other auto sector issuers include Mercedes-Benz’s Auto Lease Trust with a $750 million asset-backed bond.

Click here for the story from The Wall Street Journal.