LONDON, Sept 22 (Reuters) - General Motors Acceptance Corp (GMAC), the financing arm of U.S. automaker General Motors , plans to launch 1.0 billion euros of three-year and 1.0 billion euros of seven-year bonds, lead managers said on Monday.
BNP Paribas, Deutsche Bank, UBS and WestLB have been mandated to manage the fixed-rate transactions, which will be launched as soon as possible.
GMAC is rated A3 by Moody's Investors Service, BBB by Standard & Poor's and BBB+ by Fitch Ratings.