UPDATE 1-GM multi-tranche bond sale seen this week

Newswire

(Updates to add investor quote, market comment) LONDON, June 24 (Reuters) - U.S. auto giant General Motors Corp. plans to launch a multi-tranche bond sale later this week, as part of a $13 billion fundraising effort to cover pension shortfalls, bankers and investors said on Tuesday. Initial price talk suggests GM plans to sell a 10-year dollar bond priced to yield around 400 basis points over U.S. Treasuries, a 20-year dollar bond priced at 400-412.5 basis points over 30-year Treasuries, ...

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