Why General Motors Stock Is Rising Today
Shares of General Motors (NYSE: GM) were rising on Friday, after the company said that its $4 billion bond offering had been priced with moderate yields and that it will soon have a new $2 billion credit line available.
As of 12:45 p.m. EDT, GM's shares were up about 6.2% from Thursday's closing price.
GM said that its offer of three series of unsecured bonds, which will raise $4 billion in total, was priced as follows on Thursday:
Source Fool.com