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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
F
Ford Motor Credit Co LLC€750
1USOA
May 5, 2026
currency
EUR
size (m)
750.000
maturity
Jul 8, 2031
type
Fixed
tenor
5.250
call
-
registration
SEC Registered
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Ba1
s&p
BBB-
fitch
BBB-
size description
-
re-open/tap
No
ipt
MS+180-185
ipt-pxd
-27.5
guidance
MS+155#
spread
155
coupon
4.48%
spread set
-
price
100.00000
yield
4.483%
book size (m)
1,900
peak book (m)
-
x-covered
2.53
book attrition
-
nic
5
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,900
peak book (m)
-
x-covered
2.53
book attrition
-
nic
5
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1900; First Pay: 2026-07-08; Registration: SEC Registered; Comments: OBL #193 2.5% 04/31 +168.6bps (Price: 98.63% / Yield: 2.797%) / HR: 100%. MWC: B+25. LEI: UDSQCVRUX5BONN0VY111;
Deal Comments
UPDATE: Spread Set at MS+155#
Use of Proceeds
General Corporate Purposes
Relative Value

5.2 year (Jul 2031) @ IPTs of MS+180 / 185

Implied Spread for fresh 5.2 year @ +150

Priced at MS+155

NIC of +5


Comps:

4.066% 21st Aug 2030 @ +139

4.448% 16th Sept 2032 @ +160