UDPATE 3-GMAC plans 2.5 bln euro 2-part bond sale

Newswire

(Updates amount of three-year bond, adds byline, quote, updates prices) By Richard Barley LONDON, Sept 22 (Reuters) - General Motors Acceptance Corp (GMAC), plans to sell 1.5 billion euros of three-year and 1.0 billion euros of seven-year bonds, banks and investors said on Monday. GMAC is the financing arm of General Motors , the world's number one automaker. BNP Paribas, Deutsche Bank, UBS and WestLB have been mandated to manage the fixed-rate bond sale. A source close to the deal ...

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