General Motors roars into FRNs for €1bn
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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