John Deere Credit to Raise C$150M from 3-Year Debt Issue

John Deere Credit Inc., the financing arm of equipment supplier John Deere, aims to raise C$150 million (US$144.2 million) from an offering a 3-year bonds maturing in October 2014, according to people familiar with the matter.

The issue has yet to be priced. The spread guidance is for about 110 basis points over the relevant Government of Canada benchmark curve.