New Issue-GMAC prices $1.5 bln car loan-backed ABS


NEW YORK, Feb 19 (Reuters) - General Motors Acceptance Corp. (GMAC), General Motors Corp's finance unit, priced on Thursday $1.5 billion in asset-backed securities supported by car loans it made, a source close to the deal said on Thursday. The deal's class of two-year, fixed-rate notes, totaling $640 million, was priced at a yield spread of 2 basis points above the rate on two-year interest rate swaps, the source said.

Premium Content (PAID Subscription Required)

"New Issue-GMAC prices $1.5 bln car loan-backed ABS" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Amber McLincha by email: or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.

WardsAuto Blogs
Aug 25, 2014

Finally, Voice of Reason

The concept of an autopilot is not new, particularly in aerospace. But Owens notes even the airline industry has never crossed that threshold by placing hundreds of lives solely in the digital hands of a computer....More
Aug 21, 2014

Michigan, Great Lakes Region Still Core of North American Production

The Great Lakes Region is well-positioned to remain a North American production hub for years, perhaps well into the next decade....More
Aug 19, 2014

Dodge Undergoes Brand ‘Purification’

The brand moves from overall mainstream to so-called mainstream-performance....More

Sponsored Introduction Continue on to (or wait seconds) ×