Ford to Offer Baby Bonds

Vehicle manufacturer Ford Motor (F) will be selling a note offering with a maturity date out in 2059.

The company offered notes earlier in the years (May) so this will be their second offering this year. The previous note (which can be seen here) carries a 6.20% coupon.

The preliminary prospectus for the new issue can be seen here.

There will be no official OTC Grey market trading on the issue, but one may be able to purchase before exchange trading by contacting their broker once the CUSIP is announced.

earlybird was right on this one on the Reader Initiated Alerts page.

7 thoughts on “Ford to Offer Baby Bonds”

    1. Initially, I was thinking this would make a decent trade. I brought F/PRB under Par and should it for a very nice profit.

      However, F/PRB has not traded well for many months. I am not excited by Ford’s prospects as a business

      So I will pass

  1. Ford shoppers should be able to do better in the bond market. There’s an 11/1/46 on offer at 6.405% YTM and 2/15/47 at 6.586%. For the adventurous, 5/15/97 is at 6.690%. Ratings are Ba1/BBB-. All quotes from Fido.

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