Ford Motor has increased the size of its convertible bond offering by 50% to $4.5bn (€3.4bn) in response to investor demand and the auto company's own requirements, making it the second largest convertible bond issue in the US this year.

The joint bookrunning managers for the offering are Citigroup, Goldman Sachs, JP Morgan, Deutsche Bank, Lehman Brothers, Merrill Lynch and Morgan Stanley.

Jennifer McCandless in New York

Citigroup

Ford Motor

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Deutsche Bank

Morgan Stanley

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Ford sells $4.5bn convertible bond

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