FMCC launches Australian dollar EMTN benchmark transaction

Ford Motor Credit Company (FMCC) (BBB-/Ba1/BBB) launched a new five-year, Australian dollar denominated EMTN benchmark transaction on 21 November. Indicative price guidance for the forthcoming deal, which is expected to price on the day after launch, is 280 basis points area over semi-quarterly swap. ANZ, Deutsche Bank and Westpac Institutional Bank are leading.