GMAC three-year bond seen upped to 1.5 bln euros

Newswire

LONDON, Sept 22 (Reuters) - General Motors Acceptance Corp (GMAC), the financing arm of General Motors , plans to sell 1.5 billion euros of three-year bonds, up from 1.0 billion announced earlier, an investor said on Monday. Price guidance on the bonds is 160 basis points over benchmark swaps, the investor said, compared with 160-165 circulated earlier. The company is also selling 1.0 billion euros of seven-year bonds, with price guidance unchanged at around 195 over swaps, the investor ...

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