GMAC boosts size of note sale to $1.5 billion

PontiacJ8 · 05-18-2004, 04:11 PM

NEW YORK, May 18 (Reuters) - General Motors Corp.'s (NYSE:GM - News) finance arm General Motors Acceptance Corp. on Tuesday raised its planned global note sale to $1.5 billion from $1 billion, joint lead manager Banc of America Securities said on Tuesday.
GMAC is expected to sell the notes at a yield of 1.90 percentage points more than Treasuries.

Citigroup Global Markets and J.P. Morgan are also managing the sale, expected to be priced later on Tuesday. GMAC is rated "BBB" by Standard & Poor's, its second-lowest investment grade rating, and "A3," roughly two notches higher, by Moody's Investors Service.

Source: Yahoo! News

logansowner · 05-18-2004, 04:27 PM

Sure wish I knew what the hell that meant :lol: Is it good or bad? And yes, I am trying to be a smart azz. :P

carguy2225 · 05-19-2004, 04:04 PM

YEA SERIOUSLY WHAT THE HELL THEY TALKIN BOUT?? A3 AND BBB WHAT ARE THEY SAYIN GM IS GETTIN RID OF GMAC?? AND IF THEY ARE HOW ARE THEY GONNA COMPETE FORD AND THE REST OF THE CO.S WITH FINANCE AND LEASING

05-18-2004, 04:11 PM	#1 (permalink)
PontiacJ8 6.0 Liter Vortec V8 Join Date: May 2003 Location: Pontiac~Avenue Drives: 1987 Pontiac Fiero 1988 Pontiac Fiero GT Posts: 1,508	NEW YORK, May 18 (Reuters) - General Motors Corp.'s (NYSE:GM - News) finance arm General Motors Acceptance Corp. on Tuesday raised its planned global note sale to $1.5 billion from $1 billion, joint lead manager Banc of America Securities said on Tuesday. GMAC is expected to sell the notes at a yield of 1.90 percentage points more than Treasuries. Citigroup Global Markets and J.P. Morgan are also managing the sale, expected to be priced later on Tuesday. GMAC is rated "BBB" by Standard & Poor's, its second-lowest investment grade rating, and "A3," roughly two notches higher, by Moody's Investors Service. Source: Yahoo! News __________________

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Remove Advertisements Sponsored Links
GM Inside News Forum Advertisement

05-18-2004, 04:27 PM	#2 (permalink)
logansowner 6.0 Liter Vortec V8 Join Date: Feb 2003 Location: Between the puck and the mesh Posts: 1,903	Sure wish I knew what the hell that meant :lol: Is it good or bad? And yes, I am trying to be a smart azz. :P

05-19-2004, 04:04 PM	#3 (permalink)
carguy2225 2.2 Liter ECOTEC Join Date: Sep 2003 Posts: 60	YEA SERIOUSLY WHAT THE HELL THEY TALKIN BOUT?? A3 AND BBB WHAT ARE THEY SAYIN GM IS GETTIN RID OF GMAC?? AND IF THEY ARE HOW ARE THEY GONNA COMPETE FORD AND THE REST OF THE CO.S WITH FINANCE AND LEASING

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)