Friday, May 11, 2007

GMAC, Oracle Lead Companies Selling $25.7 Billion of Bonds in the U.S.

(Bloomberg) -- GMAC LLC, the finance company partly owned by General Motors Corp., and software maker Oracle Corp. led companies selling $25.7 billion of bonds this week as the cost to borrow held at its lowest level since February.

Sales compared with $36.1 billion last week, according to data compiled by Bloomberg. Detroit-based GMAC sold $2 billion of notes in its first offering since December, while Oracle issued $2 billion of floating-rate notes.


Read more at Bloomberg Bonds News

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