Ford Motor Credit Co LLC (F) 2018-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR750.0005Dec-22Sr. UnsecuredBaa2BBBBBBFloating3mEu-3mEu+60 a423mEu+42-100.00000
EUR500.0007Feb-25Sr. UnsecuredBaa2BBBBBBFixedSwaps-MS+70-75601.36%-100.00000
Tranche Comments
5 yr: Registration: Registered; Comments: EUR750m (exp 500m) 5yr FRN. With 7yr fxd. Baa2/BBB/BBB. Actives BNPP/DB/HSBC/SG(B&D), pasive CMZ/Uni. IPTs DM+60 area, guidance +45 area (+/-3) for 750m, tbp +42. FTT 8am Friday. Short 1st cpn vs 1mE. 0% floor (Source: IFR); 7 yr: Registration: Registered; Comments: EUR500m no-grow 7yr. With 5yr FRN. Baa2/BBB/BBB. Actives BNPP/DB/HSBC/SG(B&D). IPTs MS+70/+75, guidance +60/+65, tbp +60. Vs DBR 0.5% Feb25+100.9 @101.065, HR 95%. FTT 8am Friday (Source: IFR);
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