UPDATE 4-New euro corporate bond issues hit by GM shock

Newswire

(Releads, adds Vivendi pricing, Hayes Lemmerz deal pulled) By Anna Peltola and Richard Barley LONDON, March 17 (Reuters) - Companies trying to raise funds in the European corporate bond market on Thursday felt the full force of General Motors Corp.'s profit warning, with one deal cancelled and two others forced to offer higher yields. Portugal Telecom and French media company Vivendi had to sweeten terms on their planned investment-grade issues, while in the "junk" market, U.S. auto ...

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