Ally Financial has raised $2.25 billion through a two-part sale of senior guaranteed notes, The Wall Street Journal reports. The first tranche of $1 billion notes, maturing Feb. 11, 2014, carry a coupon rate of 4.5%, while the second tranche of $1.25 billion notes, maturing Feb. 11, 2014, were sold at a spread of 320 basis points.
The notes are guaranteed by Ally U.S., IB Finance Holding, GMAC Latin America, GMAC Intl Holdings and GMAC Continental, adds Reuters. Barclays, Citi, Goldman Sachs and Royal Bank of Scotland managed the sale.Click here for the story from The Wall Street Journal.
Click here for additional coverage from Reuters.
