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

Newswire

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 WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×