UDPATE 1-GMAC offers 2.5 bln euro dual-tranche bond sale

Newswire

(Adds background, quote) LONDON, Sept 22 (Reuters) - General Motors Acceptance Corp (GMAC) began the sale on Monday of 2.5 billion euros of new three and seven-year bonds, lead managers for the deal said. GMAC is the financing arm of General Motors , the world's number one automaker. Monday's bond sale comprised 1.5 billion euros of 4.375 percent bonds maturing in September 2006, and 1.0 billion euros of 5.75 percent bonds due September 2010. The three year bonds were priced to yield ...

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