Residential Capital increases debt sale to $4 bln


NEW YORK, June 21 (Reuters) - Residential Capital Corp., the residential mortgage unit of General Motors Acceptance Corp., increased its three-part debt sale to $4.0 billion from $3.5 billion, with pricing expected later on Tuesday, said a source familiar with the sale. The five-year fixed-rate note sale was increased to $2.5 billion from an initially plan $2.0 billion. The sale will now include $1.0 billion of two-year floating-rate notes, expected to yield 137.5 basis points over the ...

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