UPDATE 1-GMAC to sell $2.7 bln ABS on Wednesday--source

Newswire

(Updates with terms of deal) NEW YORK, Nov 30 (Reuters) - General Motors Acceptance Corp. (GMAC) plans to sell $2.7 billion of securities backed by auto loans on Wednesday, a market source familiar with the deal said on Tuesday. GMAC is the finance arm of General Motors Corp. . Lehman Brothers, Credit Suisse First Boston, UBS Securities, and SG Corporate & Investment Banking are co-lead managers of the deal, according to the market source. The following are terms of the deal at ...

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