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FORD CREDIT TO REDEEM 8 1/2 PERCENT SUBORDINATED DEBENTURES DUE DEC. 1, 2002

 FORD CREDIT TO REDEEM 8 1/2 PERCENT SUBORDINATED DEBENTURES
 DUE DEC. 1, 2002
 DEARBORN, Mich., Oct. 30 /PRNewswire/ -- Ford Motor Credit Company announced that it will exercise its option to redeem all the debentures outstanding of the following issue:
 8 1/2 percent subordinated debentures due Dec. 1, 2002, redeemable on Dec. 1, 1992, at 101 percent of their principal amount. The paying agent to which the debentures may be presented and surrendered for payment is Chemical Bank, 55 Water St., Room 234, 2nd Floor, North Building, New York, NY 10041.
 Interest on the above issue will cease to accrue on the redemption date for such issue.
 -0- 10/30/92
 /CONTACT: Nick Sharkey of Ford Motor Credit Company, 313-594-1099/
 (F) CO: Ford Motor Credit Company ST: Michigan IN: FIN AUT SU:


ML -- DE006 -- 7022 10/30/92 10:01 EST
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Publication:PR Newswire
Date:Oct 30, 1992
Words:142
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