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GC Asia
Ford prime auto deal solves for Fed uncertainty
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 ...Already a subscriber? Login
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