Ford Motor Company (NYSE: F), a United States-based automaker, has announced that its finance unit has raised $1bn in its first sale of benchmark 10-year bonds in more than a year.
According to data compiled by Bloomberg, the automaker sold the 4.25 percent debt to yield 260 basis points more than similar-maturity Treasuries.
Bloomberg data has indicated that the company sold $750m of 3.5 year bonds.
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