General Motors unit sells $2.5 bln bonds


NEW YORK, Aug 22 (Reuters) - General Motors Corp.'s finance arm on Thursday sold $2.5 billion of bonds, 25 percent more than planned, an official for co-lead manager Banc of America Securities LLC said. Nearly record-low U.S. Treasury yields helped General Motors Acceptance Corp., part of the world's largest automaker, offer roughly the same yields on its five- and 10-year notes as it paid out in a similar January sale, even though auto bonds have since lagged. GMAC benefited from ...

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