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

Newswire

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, ...

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