Ford Prices $2.5bn Green Bond, the Largest by a US Company
Ford Motors priced the largest green bond ever by a US corporation raising $2.5b via a 10Y issuance. The bonds were priced at a yield of 3.25%, 37.5bp inside initial guidance of 3.625% area. Net proceeds will be used exclusively for clean transportation projects and...
Ford to Retire Up to $5bn in HY debt; To Issue Green Bonds
Ford Motor plans to repurchase up to $5bn of its high-yield (HY) bonds and issue $1bn green bonds to tap the booming market for ESG bonds to help them finance new electric vehicles and expand credit to customers with lower scores. This is on the back of the Ford+...
Ford plans $11bn Investment with Battery Maker SK Innovation
Ford Motor has committed to investing $11bn along with South Korean battery maker SK Innovation to build three plants to supply batteries and vehicles. Ford is expected to spend $7bn as part of the investment their largest in manufacturing facilities. The investment...
