GMAC launches $2.5 billion in 2-part note sale


NEW YORK, Aug 22 (Reuters) - General Motors Acceptance Corp., the finance arm of General Motors Corp. launched $2.5 billion in a two-part global note sale, to be priced later on Thursday, said joint lead manager Banc of America Securities LLC. The 10-year notes were increased in size to $1.5 billion from $1.0 billion. The $1 billion five-year notes are expected to yield 2.80 percentage points more than the five-year U.S. Treasuries. The $1.5 billion 10-year notes are expected to yield ...

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