Ford sets route as Nissan hits the road for euro bond debut

By Mike Turner
08 Sep 2020

Ford, the US car maker, offered investment grade bond investors the chance to dip into high yield on Tuesday, while its rival Nissan Motor is lining up a seven tranche behemoth bond issue that will create a euro curve out to eight years.

Ford, rated Ba2/BB+/BB+, hit screens with a benchmark September 2025 trade at 3.5% via leads BNP Paribas, Crédit Agricole, JP Morgan and UniCredit. The deal is SEC-registered so there were no updates on book size. Interest must have been decent, however, as the leads cut the yield to ...

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