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GMAC sets price talk on 2-part euro bond -sources

LONDON, Sept 22 (Reuters) - Preliminary price guidance for the 2.0 billion euro two-part bond sale for General Motors Acceptance Corp., the funding arm of U.S. auto giant General Motors , emerged on Monday, market sources said.

GMAC is expected to sell a 1.0 billion euro three-year fixed-rate bond at 160 to 165 basis points over benchmark swaps, the sources said.

It is expected to sell a 1.0 billion euro seven-year bond at around 195 basis points over swaps, they said.

BNP Paribas, Deutsche Bank, UBS and WestLB are managing the sale, which is expected to take place on Monday or Tuesday.