Ford Credit Issues Private ABS Linked to Alternative Reference Rate

  • Ford Credit Issues Private ABS Linked to Alternative Reference Rate

    Posted by Bangastang on June 7, 2021 at 10:02 am
    Ford Motor Credit Company has drawn its first asset-backed securitization (ABS) funding through a private facility that is linked to the secured overnight financing rate (SOFR) as a benchmark. This transaction also includes a SOFR-based interest rate hedge.

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