Ford sells $600 million; Union Electric, Camden, Paccar price notes

By Devika Patel

Knoxville, Tenn., Sept. 23 – Primary activity in the investment-grade bond market on Monday saw four new deals pricing and one announced.

Ford Motor Credit Co. LLC, the financing arm of Dearborn, Mich.-based automaker Ford Motor Co., launched $600 million of 3.55% three-year notes, and St. Louis-based Union Electric Co., a public utility holding company and unit of Ameren Corp., reported that it priced $330 million of 30-year 3.25% first mortgage bonds.

Also, Houston-based REIT Camden Property Trust sold $300 million of 3.35% notes due Nov. 1, 2049 and Paccar Financial Corp., a financing arm of Bellevue, Wash.-based Paccar Inc., priced $300 million of three-year 2% medium-term notes.

In addition, retirement and life insurance products provider Global Atlantic (Fin) Co. announced that it will offer senior notes due 2029.

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