GMAC plans samurai bond issue soon -leads

Newswire

LONDON, May 24 (Reuters) - General Motors Acceptance Corporation, the financing arm of U.S. automaker General Motors Corp. plans to launch a samurai bond in the near future, the banks managing the sale said on Monday. The issue will be launched in the near future subject to market conditions, and will be a drawdown under the company's 200 billion yen shelf, they said. Mitsubishi Securities and Mizuho Securities will manage the sale.

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