New Issue-GMAC sells $2 bln notes in 2-part sale

Newswire

May 11 (Reuters) - GMAC LLC, the former finance arm of General Motors Corp. , on Thursday sold $2 billion in notes in a two-part sale, said joint lead manager Credit Suisse.

Barclays Capital, Citigroup Global Markets, Inc., and Deutsche Bank Securities, Inc. were the other joint lead managers for the sale. BORROWER: GMAC LLC FIRST TRANCHE AMT $1.00 BLN COUPON 125 BPS/

3-MO LIBOR ...

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