Ford Motor Credit Co, a unit of FordMotor Co, is raising 150 mln dlrs through an offering of notes
due 1990 yielding 8.275 pct, said sole manager Bear, Stearns
and Co.
    The notes have an 8-1/4 pct coupon and were priced at
99.931 to yield 62.5 basis points more than comparable Treasury
securities.
    Non-callable to maturity, the issue is rated Aa-2 by
Moody's and AA-minus by Standard and Poor's. The gross spread
is 3.50 dlrs, the selling concession is two dlrs and the
reallowance is 1.25 dlrs.
 Reuter
