UPDATE 2-GM multi-tranche bond sale seen this week

Newswire

(Recasts, adds investor comments, changes dateline; previous LONDON By Nancy Leinfuss NEW YORK, June 24 (Reuters) - U.S. auto giant General Motors Corp. and its GMAC finance unit plan to launch a multi-tranche bond sale later this week as part of a $13 billion fund-raising effort to cover pension shortfalls and other needs, bankers and investors said on Tuesday. Bonds of automakers have come under pressure in recent sessions as the prospect of supply has weighed on the market. Both ...

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