General Motors roars into FRNs for €1bn

GM autonomous car with Mary Barra from corporate image gallery 230x150
By GlobalCapital
03 May 2017

General Motors Financial Co made its first journey of the year to the euro bond market on Wednesday, issuing a €1bn four year floating rate note.

“The Macron rally is already under way and the issuer decided to go ahead of a possible deluge of issuance after the election,” said a banker on the deal. The tactic enabled it to garner a book of over €3bn.

GMFC’s bonds received a boost in the secondary ...

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