Ford Prices Debt At $9,400,000,000 (Billion)

>DEARBORN, Mich. (AP) -- Ford Motor Co. [NYSE:F - news] said Monday it has priced $9.4 billion in debt for itself and that of its financing arm, Ford Motor Credit Co.

The maturities for the new debt will range from two to 30 years, Ford said. It will be used to refinance existing debt and for other purposes, Ford said.

The new debt consisted of 4 dollar-denominated offerings and 1 euro-denominated offering. The three fixed rate offerings -- 5-year, 10-year and 30-year -- priced between between 2.63 and 2.8 percentage points above equivalent U.S. Treasurys.

The securities were being offered mainly to institutional investors, Ford spokesman Fazal Merchant said.