Ford's FCE Bank unit has issued the first sterling corporate bonds direct to the retail public. Th...
Ford's FCE Bank unit has issued the first sterling corporate bonds direct to the retail public. The issue is available via InterNote, a trading platform which allows groups to offer their bonds direct to retail investors. The bonds offer a coupon of 6.75% payable on a bi-annual basis, maturing on 15 September 2009. InterNotes are sold on a continuously offered basis, with all the companies on the platform offering a certain amount of debt each week based on investor demand, with varying coupon and maturity profiles. The other issuers on the platform, Bank of America and Landesbank ...
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