UPDATE 3-General Motors boosts bond sale to $17 bln

Newswire

(Adds background on pension plan, total financing costs) By Dena Aubin NEW YORK, June 26 (Reuters) - Massive investor demand prompted General Motors Corp. on Thursday to increase the size of a jumbo bond sale by about $4 billion, to $17 billion, making it the largest financing ever in the corporate bond market. The world's largest automaker, raising cash to plug a hole in its pension fund, sold the first portion of the global debt package, $13.55 billion of dollar, euro and sterling ...

Premium Content (PAID Subscription Required)

"UPDATE 3-General Motors boosts bond sale to $17 bln" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×