Ford loads up Sfr230m in Swissie return

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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