GM, Severn Trent Seize on Risk-on Mood With Impromptu Bond Sales
General Motors is selling a four-year euro-denominated benchmark senior unsecured bond at about 125 basis points above midswaps, while Severn Trent Utilities Finance Plc is offering a euro benchmark sustainability bond due in 12 years at about 160 basis points above swaps, according to two separate people with knowledge of the offerings.
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