Investors put brakes on GM dual-trancher

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Investors put brakes on GM dual-trancher

Handbrake

The auto finance arm of General Motors opted for short maturities to try to ensure the success of its first bond sale of 2018, but the €1bn dual-tranche deal only received orders of €1.7bn and the lead managers were only able to tighten one of the tranches from initial price thoughts.

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