Ford unit to sell 3-yr dollar benchmark bond -lead

LONDON, July 30 | Thu Jul 30, 2009 9:44am EDT

LONDON, July 30 (Reuters) - Ford Motor Credit Co (F.N) plans to sell a three-year dollar benchmark bond, the proceeds of which will be used for general corporate purposes, one of the banks managing the sale said on Thursday.

Deutsche Bank, Goldman Sachs, Morgan Stanley and Royal Bank of Scotland are managing the sale of the issue, the bank said.

Ford Motor Credit Co, a unit of the U.S. automaker, is rated Caa1 by Moody's Investors Service and CCC+ by Standard & Poor's.

(Reporting by Natalie Harrison; editing by John Stonestreet)

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