UPDATE 2-GMAC to end issue drought with 1.0 bln euro bond

Newswire

(Adds market comment, background, byline) By Anna Peltola and David Wigan LONDON, Feb 26 (Reuters) - The financing arm of U.S. automaker General Motors, GMAC, is set to end a drought of European corporate debt issuance on Thursday with a one billion euro bond, for which pricing looks attractive, investors said. Investment-grade corporate bond issuance has come to a virtual halt this year after heavy borrowing last year, which has meant many companies have no need to rush to the debt ...

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