Ford loads up Sfr230m in Swissie return

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By Frank Jackman
19 Nov 2020

Ford shrugged off its loss of investment grade status to return to the Swiss franc market this week after a 19 year absence to print a three year deal targeted at private bank investors.

“To raise Sfr230m ($252.2m) is astonishing — the good name recognition is key,” said one banker on the deal.

On Wednesday, Ford, rated Ba2/BB+/BB+, appointed Commerzbank, Credit Suisse and Deutsche Bank to arrange investor calls ahead of a potential deal between three and four years in tenor.

Ford ...

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