FCE Bank

09 Feb 2007

Maturity:15 February 2011
Issue/ re-offer price:99.773
Spread at re-offer:205bp over swaps
Launch date: Tuesday 6 February
Payment date: 9 February
Joint Books:Credit Suisse, Deutsche Bank, Merrill Lynch

Bookrunners' comment:

Ford Credit Europe (FCE) issued a five year euro earlier this year. That transaction was issued at 300bp over swaps and has since traded tighter to 230bp over.

The ...

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