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Ford Credit Completes Global Landmark Securities Roadshow

24 June 1999

Ford Credit Completes Global Landmark Securities Roadshow

    DEARBORN, Mich., June 23 -- Ford Credit yesterday completed
its Global Landmark Securities (GlobLS) roadshow.  The three continent
roadshow included over 250 investors in 25 cities in Europe, Asia and the
United States.  Demand for meetings with the company resulted in a two-day
extension of the roadshow.
    Global Landmark Securities will be denominated in U.S. dollars.  Ford
Credit intends to issue GlobLS two to four times per year, no more than once
per quarter and with a minimum of six weeks between offerings.  Each GlobLS
offering will be at least $3 billion in total size, comprised of one or more
tranches.  Fixed rate tranches will be at least $2 billion in size and
floating rate tranches will be at least $1 billion.
    Based on the strong investor reception to its enhanced debt issuance
philosophy, Ford Credit expects to launch its inaugural GlobLS transaction in
the third quarter, most probably in July.  Bear Stearns (Global Coordinator),
Merrill Lynch and Salomon Smith Barney will act as joint bookrunning managers
for the initial transaction.
    Ford Credit is a subsidiary of Ford Motor Company and is the
world's largest automotive finance company.  Ford Credit provides vehicle
financing in 36 countries to more than eight million customers.