Ford Credit Auto Owner Trust will offer a $1.137 billion bond backed by auto loans, The Wall Street Journal reports. The asset-backed bonds have a maturity period of 1.98 years. The largest tranche offered by Ford is valued at $335.3 million and has a 17 basis points spread. Citigroup, Barclays Capital and JP Morgan are managing the bond sale.

Click here for the story from The Wall Street Journal.