Ford, Berkshire Hathaway, Entergy Texas price; Duke Energy Ohio on tap

By Devika Patel

Knoxville, Tenn., Jan. 3 – Thursday morning brought announcements of four new deals in the investment-grade bond primary market, and by the time the markets closed, three of the new deals had priced.

Ford Motor Credit Co. LLC, financing arm of Dearborn, Mich.-based automaker Ford Motor Co., priced $2.75 billion of notes in four parts.

A $325 million tranche of two-year floating-rate notes priced at par. The interest rate will be equal to Libor plus 255 basis points.

A $350 million three-year floating-rate note sold at par. The interest rate will be equal to Libor plus 314 bps.

Ford also sold $675 million of two-year 5.085% notes that priced at par, or a 270 bps spread above Treasuries.

A $1.4 billion three-year 5.596% note sold at par with a 325 bps spread above Treasuries.

Omaha-based Berkshire Hathaway Finance Corp. sold $1.25 billion of 30-year 4.25% notes (Aa2/AA/), and Beaumont, Texas-based energy provider Entergy Texas Inc. issued $700 million of first mortgage bonds (Baa1/A/) in two parts.

Charlotte, N.C.-based Duke Energy Corp. subsidiary Duke Energy Ohio, Inc. plans to sell 10-year and 30-year first mortgage bonds in two tranches.

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