Ford five year $1.25bn bond drags CDS prices yet wider

03 Aug 2006

In the North American markets, Ford Motor Credit widened sharply yesterday (Thursday) as it launched $2bn of new paper. It sold $1.25bn of new five year notes and also brought a $750m re-opening of a six year floater.

"It's all about new supply," said an auto CDS dealer in ...

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