FCE Bank Prices EUR400M 2013 Bond At 99.673, To Yield 7.375%

7th Jul 2010 17:35

LONDON (Dow Jones)--FCE Bank PLC, a unit of Ford Motor Co.(F), has priced its EUR400 million, 2013 bond through joint bookrunners Credit Agricole SA, Barclays Capital, Deutsche Bank AG and Morgan Stanley, one of the banks said Wednesday. The size of the bond was increased from the initial size of EUR300 million. Terms are as follows: Amount: EUR400 million Maturity: July 15, 2013 Coupon: 7.25% Reoffer Price: 99.673 Payment Date: July 14, 2010 Yield: 7.375% Debt Ratings: Ba3 (Moody's) B (Standard & Poor's) BB- (Fitch) Denominations: EUR50,000; EUR50,000 Listing: Luxembourg The bonds are being sold under the borrower's Euro medium-term-note program. -By Ainsley Thomson, Dow Jones Newswires; 44 20 7842 9318; [email protected] (END) Dow Jones Newswires July 07, 2010 12:35 ET (16:35 GMT)