General Motors unit to sell $2 bln notes Thursday

Newswire

NEW YORK, Aug 21 (Reuters) - General Motors Corp.'s finance arm plans to sell $2 billion of five- and 10-year notes, an official for co-lead manager Banc of America Securities LLC said on Wednesday. The sale, by General Motors Acceptance Corp., is expected on Thursday, people familiar with the sale said. A sale would follow a six-session corporate bond rally, as investors seeking alternatives to low-yielding Treasuries snap up bonds from companies eager to raise cash at low yields. ...

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