General Motors, GMAC sell $6.25 billion bonds


NEW YORK, June 26 (Reuters) - General Motors Corp. and its finance unit on Thursday sold $6.25 billion of dollar-denominated bonds, part of an expected $17 billion multi-currency debt sale, the largest ever by a corporation. GM sold $1 billion of 10-year notes yielding 375 basis points more than Treasuries. It also sold $1.25 billion of 20-year bonds, $250 million more than expected, yielding 383 basis points more than Treasuries, and $3 billion of 30-year bonds yielding 400 basis points ...

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