UPDATE 3-GM plans record bond sale Thur to plug pension gap

Newswire

(Adds sterling bond) By Richard Barley and Catherine Evans LONDON, June 26 (Reuters) - General Motors Corp will borrow at least $16.5 billion later on Thursday to plug a hole in its pension fund, in what is expected to be the largest single corporate fundraising via the bond market. A source close to the deal said GM, the world's number one automaker, will price its record multi-currency bond sale later on Thursday, with pricing on the euro currency tranches expected early in the ...

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