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Ally Financial talks five-year notes at 4% area; pricing Wednesday
By Aleesia Forni
Virginia Beach, Nov. 12 – Ally Financial Inc. set price talk for a planned benchmark five-year offering of senior notes (B1/BB/) on Wednesday in the 4% area, according to a market source.
Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBC Capital Markets LLC are the bookrunners.
The Detroit-based auto financing company plans to use proceeds for general corporate purposes.
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