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Ford Extends Its $9 billion Revolving Credit Line with Lenders
In a separate transaction, Ford announced its first renminbi-denominated bond issue aimed at RMB investors in Hong Kong, Singapore and elsewhere outside the United States, with total proceeds of RMB 1 billion or about USD $158 million. Ford is losing money in the Asia-Pacific region. In the fourth quarter of 2011, Ford Asia Pacific Africa reported a pre-tax operating loss of $83 million, compared with a profit of $23 million a year ago. Continue reading
Posted in auto news, economy, financial results
Tagged auto informed, autoinformed.com, automotive news, ford bonds, ford debt, ford dividend, ford motor, Ken Zino, renminbi, rmb
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