NEW YORK, Aug 17 (Reuters) - General Motors Acceptance Corp., the unit of General Motors , is preparing a multi-billion dollar asset-backed securities offering supported by auto loans, market sources said on Thursday.
"It's going to be a fairly large deal, about $2.5 billion to $3.0 billion, and is being marketed to investors via a roadshow," said one portfolio manager.
Citigroup is expected to serve as lead manager for the deal, market sources said.