UPDATE 4-GMAC sells 1.5 bln euro bond 2011 bond


(Adds pricing, demand) By David Wigan and Richard Barley LONDON, Feb 26 (Reuters) - GMAC, the financing arm of U.S. automaker General Motors , saw strong demand for a 1.5 billion euro bond it sold on Thursday, ending a drought of European corporate debt issuance. Investment-grade corporate bond issuance has come to a virtual halt this year after heavy borrowing in 2003 satisfied many firms' borrowing needs. The mood has been in sharp contrast to the same period last year, which saw ...

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