UPDATE 1-GMAC sells 300 mln euro Feb 2007 bond -lead

Newswire

(Adds background) LONDON, July 28 (Reuters) - General Motors Acceptance Corp., the financing arm of auto giant General Motors Corp. , on Thursday sold a 300 million euro ($362 million) bond due February 2007, an official at one of the lead managers said. The bond was priced at 99.909 percent of face value with a coupon of 4.125 percent, giving a spread of 190 basis points over mid-swaps, the official said. The final spread was at the tight end of guidance of 190 to 210 basis points ...

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