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Ford unit joins foreign corporates issuing SGD bonds

US company prices S$350 million bonds at 3.7 per cent following strong S$750 million demand

Ford Motor Credit Company is a wholly-owned subsidiary of Ford Motor Company, and is Ford Motor's financial services arm primarily dealing in auto loans.


FOREIGN issuers are tapping the local debt market and the latest is Ford Motor Credit Company with its three-year Singapore dollar bond issue.

The US company's S$350 million bonds were priced on Thursday at 3.70 per cent, lower than the initial price guidance of 3.80 per...

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