GMAC 2011 euro bond seen mid-swaps +160 bps

Newswire

LONDON, Feb 26 (Reuters) - General Motors Acceptance Corp., the financing arm of U.S. auto maker General Motors , will price its planned one billion euro 2011 bond at mid-swaps plus 160 basis points, said an investor. Deutsche Bank, Dresdner Kleinwort Wasserstein and UBS are lead managing the deal. Another source said earlier that pricing is expected mid-afternoon on Thursday. (Reporting by David Wigan; email david.wigan@reuters.com; Reuters Messaging david.wigan.reuters.com@reuters.net; ...

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