FUEL Trust has raised $1.5 billion through the sale of exchange linked notes in the 144a private placement market, Reuters reports. The size of the deal was initially planned for $1 billion. The division of Ford Motor appointed Citigroup, Bank of America Merrill Lynch and Goldman Sachs as the joint bookrunning managers for the deal. The notes carry a coupon rate of 4.207% and are due to mature on April 15, 2016.
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