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Ally Financial to sell benchmark three-year notes in Monday drive-by; whisper is 3½%-3 5/8%
By Paul A. Harris
Portland, Ore., Nov. 2 – Ally Financial Inc. gave initial yield guidance of 3½% to 3 5/8% to a benchmark offering of non-callable three-year senior notes on Monday, according to a market source.
The deal is expected to price on Monday.
Citigroup Global Markets Inc., Goldman Sachs & Co., Morgan Stanley & Co. LLC and RBC Capital Markets are leading the offering.
The Detroit-based bank holding company plans to use the proceeds for general corporate purposes.
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