GM sets terms on $4 bln convertible notes


NEW YORK, June 26 (Reuters) - General Motors Corp. on Thursday set the terms on its $4 billion convertible notes deal, rounding out what is the largest-ever corporate financing of about $17 billion. General Motors set an annual 6.25 percent coupon on the notes and a conversion premium of 32.5 percent above Thursday's closing price. That equals a conversion price of $47.62, the company said in a statement The convertibles, under the symbol "GPM," will begin trading on the New York Stock ...

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