Ford prime auto deal solves for Fed uncertainty

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By Ryan Bolger
18 Mar 2015

Ford Motor Credit has added a new component to its auto ABS platform to attract investors otherwise concerned over rising interest rates.

The captive auto lender’s first transaction of the year includes a floating rate tranche for the first time, according to a Fitch presale. The tranche, however, is backed by fixed rate loans.

“Ford added a floating rate tranche to accommodate some investors, so that helped distribution,” said a ...

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