GMAC launches 2.5 bln euro two tranche bond

Newswire

LONDON, Sept 22 (Reuters) - General Motors Acceptance Corp (GMAC) launched a 2.5 billion euro two-part bond sale on Monday, lead managers BNP Paribas, Deutsche Bank, UBS and West LB said. The sale included a 1.5 billion tranche due September 26, 2006, paying a coupon of 4.375 percent and priced to yield 175.5 basis points over the August 2006 Bund, or 160 basis points over benchmark swaps. One billion euros of 5.75 percent bonds due September 27, 2010 were priced to yield 207.3 basis ...

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