UPDATE: FCE Bank Sets Final Guidance On EUR300M High-Yield Bond

7th Jul 2010 14:43

(Adds final price guidance) By Ainsley Thomson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--FCE Bank PLC's planned EUR300 million high-yield bond will price at 7.375%, one of the banks working on the deal said Wednesday. Initial price guidance was set in the area of 7.5%. Credit Agricole SA, Barclays Capital, Deutsche Bank AG and Morgan Stanley are joint lead managers on the deal. FCE, a unit of Ford Motor Co. (F), sold a 2014, EUR500 million, high-yield bond last November, which carried a yield of 9.5%. FCE is rated B2 by Moody's Investors Service Inc. and B by Standard & Poor's Corp. and Fitch Ratings. -By Ainsley Thomson, Dow Jones Newswires; 44 20 7842 9318; [email protected] (END) Dow Jones Newswires July 07, 2010 09:43 ET (13:43 GMT)