GM trims yields on US dollar portion of bond sale

Newswire

NEW YORK, June 25 (Reuters) - General Motors Corp. on Wednesday trimmed expected yields on the dollar portion of a multi-tranche bond offering, market sources said. GM is expected to sell $1 billion of 10-year notes yielding 375 to 380 basis points more than Treasuries, versus originally expected yields of about 400 basis points more than Treasuries. It is also expected to sell $1 billion of 20-year bonds yielding 383 to 408 basis points more than Treasuries, down from 400 to 412.5 basis ...

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