Bloomberg News

General Motors Financial Bonds Rise After $2.5 Billion Offering

May 09, 2013

Bonds of General Motors Co. (GM:US)’s lending unit rose after the company issued more debt than it had previously forecast with a $2.5 billion offering.

General Motors Financial’s $750 million of 4.25 percent notes due May 2023, which the unit issued at par, traded at 103 cents on the dollar to yield 3.89 percent at 8:54 a.m. in New York, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

The company also sold $750 million of 3.25 percent debt due 2018 and $1 billion of 2.75 percent securities maturing 2016 in an offering originally marketed at $2 billion.

To contact the reporter on this story: Charles Mead in New York at

To contact the editor responsible for this story: Alan Goldstein at

Hollywood Goes YouTube

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • GM
    (General Motors Co)
    • $34.8 USD
    • 0.12
    • 0.34%
Market data is delayed at least 15 minutes.
blog comments powered by Disqus