Obligation Allied Financial Inc. 8% ( US370425RZ53 ) en USD

Allied Financial Inc.

111.154 % ▼

Etas-Unis

US370425RZ53 ( en USD )

8% par an ( paiement semestriel )

31/10/2031

Prospectus brochure de l'obligation Ally Financial Inc US370425RZ53 en USD 8%, échéance 31/10/2031

1 000 USD

4 000 000 000 USD

370425RZ5

BBB- ( Qualité moyenne inférieure )

Baa3 ( Qualité moyenne inférieure )

01/11/2025 ( Dans 155 jours )

Ally Financial Inc. est une société financière diversifiée offrant des services bancaires aux consommateurs et aux entreprises, notamment des prêts automobiles, des cartes de crédit, des comptes de dépôt et des services d'investissement.

L'Obligation émise par Allied Financial Inc. ( Etas-Unis ) , en USD, avec le code ISIN US370425RZ53, paye un coupon de 8% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 31/10/2031

L'Obligation émise par Allied Financial Inc. ( Etas-Unis ) , en USD, avec le code ISIN US370425RZ53, a été notée Baa3 ( Qualité moyenne inférieure ) par l'agence de notation Moody's.

L'Obligation émise par Allied Financial Inc. ( Etas-Unis ) , en USD, avec le code ISIN US370425RZ53, a été notée BBB- ( Qualité moyenne inférieure ) par l'agence de notation Standard & Poor's ( S&P ).

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424B2 1 k65675b2e424b2.htm PROSPECTUS SUPPLEMENT
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Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration No.: 333-58446
PROSPECTUS SUPPLEMENT
(To Prospectus Dated April 20, 2001)
$4,000,000,000
General Motors Acceptance Corporation
8% Notes due November 1, 2031
The notes will mature on November 1, 2031. Interest will accrue from November 2, 2001 at the rate of 8% per year payable semi -annually in arrears on May 1
and November 1 of each year, commencing on May 1, 2002. The notes will not be redeemable prior to maturity unless certain events occur involving United States
taxation.
Application has been made to list the notes on the Luxembourg Stock Exchange.

Per Note
Total
Public Offering Price(1)

98.902%

$3,956,080,000
Underwriting Discount

0.75%

$
30,000,000
Proceeds, before expenses, to General Motors Acceptance Corporation

98.152%

$3,926,080,000
(1)
Plus accrued interest from November 2, 2001 if settlement occurs after that date.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this
prospectus supplement or the related prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The notes will be ready for delivery through The Depository Trust Company, the Euroclear System or Clearstream Banking, société anonyme, Luxembourg on or
about November 2, 2001.
Joint Book-Running Managers
Bear, Stearns & Co. Inc.
JPMorgan
Morgan Stanley
UBS Warburg

Credit Suisse First Boston
Merrill Lynch & Co.
Banc of America Securities LLC
Banc One Capital Markets, Inc.
Barclays Capital
Blaylock & Partners, L.P.
BNP PARIBAS
Commerzbank Capital Markets Corporation
Dresdner Kleinwort Wasserstein
RBC Dominion Securities
Scotia Capital
TD Securities (USA) Inc.
Utendahl Capital Partners, L.P.
Westdeutsche Landesbank Girozentrale
The Williams Capital Group, L.P.
The activities of the underwriters of the notes are being jointly led by Bear, Stearns & Co. Inc., JPMorgan, Morgan Stanley and UBS Warburg LLC.
October 26, 2001
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TABLE OF CONTENTS
TABLE OF CONTENTS
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
DIRECTORS OF GMAC
RATIO OF EARNINGS TO FIXED CHARGES
CONSOLIDATED CAPITALIZATION OF GMAC (Unaudited) (In millions of U.S. Dollars)
SELECTED CONSOLIDATED FINANCIAL DATA
USE OF PROCEEDS
DESCRIPTION OF NOTES
UNITED STATES FEDERAL TAXATION
UNDERWRITING
8% Notes due November 1, 2031
GENERAL INFORMATION
LEGAL OPINIONS
PRINCIPAL EXECUTIVE OFFICES
WHERE YOU CAN FIND MORE INFORMATION
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
DESCRIPTION OF GENERAL MOTORS ACCEPTANCE CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
USE OF PROCEEDS
DESCRIPTION OF DEBT SECURITIES
DESCRIPTION OF WARRANTS
PLAN OF DISTRIBUTION
EXPERTS
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Table of Contents
TABLE OF CONTENTS
PROSPECTUS SUPPLEMENT

Page
Incorporation of Certain Documents by Reference
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Directors of GMAC
S-3
Ratio of Earnings to Fixed Charges
S-4
Consolidated Capitalization of GMAC
S-4
Selected Consolidated Financial Data
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Use of Proceeds
S-6
Description of Notes
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United States Federal Taxation
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Underwriting
S-16
General Information
S-18
Legal Opinions
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PROSPECTUS

Page
Principal Executive Offices

2
Where You Can Find More Information

2
Incorporation of Certain Documents by Reference

2
Description of General Motors Acceptance Corporation

3
Ratio of Earnings to Fixed Charges

3
Use of Proceeds

3
Description of Debt Securities

3
Description of Warrants

8
Plan of Distribution

9
Experts
11
Unless the context indicates otherwise, the words "GMAC ", "we", "our", "ours" and "us" refer to General Motors Acceptance Corporation.
You should rely only on the information contained in or incorporated by reference in this prospectus supplement and the accompanying prospectus. We have not,
and the underwriters have not, authorized any other person to provide you different information or to make any additional representations. We are not, and the
underwriters are not, making an offer of any securities other than the notes. This prospectus supplement is part of and must be read in conjunction with the
accompanying prospectus dated April 20, 2001. You should not assume that the information appearing in this prospectus supplement and the accompanying prospectus,
as well as the information incorporated by reference, is accurate as of any date other than the date on the front cover of this prospectus supplement.
We will deliver the Notes to the underwriters at the closing of this offering when the underwriters pay us the purchase price of the Notes. The underwriting
agreement provides that the closing will occur on November 2, 2001, which is five business days after the date of the prospectus supplement. Rule 15c6-1 under the
Securities Exchange Act of 1934 generally requires that securities trades in the secondary market settle in three business days, unless the parties to a trade expressly
agree otherwise.
The distribution of this prospectus supplement and the accompanying prospectus and the offering of the notes may be restricted in certain jurisdictions. You should
inform yourself about and observe any such restrictions. This prospectus supplement and the accompanying prospectus do not constitute, and may not be used in
connection with, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not authorized or in which the person making such offer or
solicitation is not qualified to do so or to any person to whom it is unlawful to make such offer or solicitation.
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This prospectus supplement and the accompanying prospectus include particulars given in compliance with the rules governing the listing of securities on the
Luxembourg Stock Exchange. We accept full responsibility for the accuracy of the information contained in this prospectus supplement and the accompanying
prospectus and, having made all reasonable inquiries, confirm that to the best of our knowledge and belief there are no other facts the omission of which would make
any statement contained in this prospectus supplement and the accompanying prospectus misleading.
Unless otherwise specified or the context otherwise requires, references in this prospectus supplement and accompanying prospectus to "dollars", "$" and "U.S.$"
are to United States dollars.
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The SEC allows us to "incorporate by reference" information we file with them, which means that we can disclose important information to you by referring you to
those documents, including our annual, quarterly and current reports, that are considered part of this prospectus supplement and accompanying prospectus. Information
that we file later with the SEC will automatically update and supersede this information.
We incorporate by reference the documents set forth below that we previously filed with the SEC. These documents contain important information about General
Motors Acceptance Corporation and its finances.

SEC Filings
Period
Annual Report on Form 10-K

Year ended December 31, 2000
Quarterly Reports on Form 10-Q

Quarters ended March 31, 2001 and June 30, 2001
Current Reports on Form 8-K
Dated January 17, 2001, February 8, 2001, April 9, 2001, April 20, 2001, April 24, 2001, July 17,

2001, August 27, 2001, September 28, 2001, October 3, 2001, October 16, 2001, October 18,
2001, October 22, 2001 and October 24, 2001(2)
You may, at no cost, request a copy of the documents incorporated by reference in this prospectus supplement and accompanying prospectus, except exhibits to
such documents, by writing or telephoning the office of G. E. Gross, Controller, at the following address and telephone number:
General Motors Acceptance Corporation
200 Renaissance Center
Mail Code 482 -B08-A36
Detroit, Michigan 48265-2000
Tel: (313) 665-4327
This prospectus supplement and accompanying prospectus, together with the documents incorporated by reference, will be available free of charge at the office of
Banque Générale du Luxembourg S.A., 50 Avenue J. F. Kennedy, L -2951, Luxembourg.
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DIRECTORS OF GMAC

Name
Position
Richard J. S. Clout

Executive Vice President
John M. Devine

Vice Chairman and Chief Financial Officer, General Motors Corporation
Eric A. Feldstein

Vice President Finance and Treasurer, General Motors Corporation
John D. Finnegan

Chairman and President, General Motors Acceptance Corporation and Executive
Vice President, General Motors Corporation
John E. Gibson

Executive Vice President
William F. Muir

Executive Vice President and Chief Financial Officer
W. Allen Reed

Vice President and Chief Investment Funds Officer, General Motors Corporation
John F. Smith, Jr.

Chairman, General Motors Corporation
G. Richard Wagoner, Jr.

President and Chief Executive Officer, General Motors Corporation
Ronald L. Zarrella

Executive Vice President and President of GM North America, General Motors
Corporation
The above Directors do not hold any significant positions outside of General Motors Corporation, GMAC and their respective subsidiaries.
The business address of each Director and the location of GMAC 's principal executive offices is 200 Renaissance Center, Detroit, Michigan 48265-2000, United
States.
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RATIO OF EARNINGS TO FIXED CHARGES

Unaudited
Six Months Ended
Years Ended
June 30,
December 31,
2001
2000
2000
1999

1.35

1.32
1.30 1.38
The ratio of earnings to fixed charges has been computed by dividing earnings before income taxes and fixed charges by the fixed charges.
See "Ratio of Earnings to Fixed Charges" in the accompanying prospectus for additional information.
CONSOLIDATED CAPITALIZATION OF GMAC
(Unaudited)
(In millions of U.S. Dollars)

June 30,
2001
Total Debt

$131,393.8

Stockholders' Equity

Common stock, $.10 par value (authorized 10,000 shares, outstanding 10 shares) and paid -in
capital

$ 5,127.9
Retained earnings

9,942.9
Net unrealized loss on derivatives

(111.0)
Net unrealized gains on securities

178.1
Unrealized accumulated foreign currency translation adjustment

(408.0)

Total stockholders' equity

$ 14,729.9

Total Capitalization

$146,123.7

Note: Guarantees and contingent liabilities of GMAC are as disclosed on page 27 of the Annual Report on Form 10 -K for the year ended December 31, 2000.
There has been no material change in capitalization of GMAC since June 30, 2001.
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SELECTED CONSOLIDATED FINANCIAL DATA
The following table sets forth our selected financial data derived from our audited consolidated financial statements for the two years ended December 31, 2000 and
1999 and from our unaudited financial statements for the six months ended June 30, 2001 and 2000. We do not publish non -consolidated financial statements. We
believe that all adjustments necessary for the fair presentation thereof have been made to the unaudited financial data. The results for the interim period ended June 30,
2001 are not necessarily indicative of the results for the full year. The following information should be read in conjunction with the consolidated financial statements
and related notes incorporated by reference in the accompanying prospectus. See "Incorporation of Certain Documents by Reference " in the accompanying prospectus.

Six Months Ended
Years Ended
June 30,
December 31,
2001
2000
2000
1999
(in millions of U.S. Dollars)
Balance Sheet Data(1):

Cash and cash equivalents

$ 1,106.5

$
673.0

$ 1,147.8

$
704.3

Earning assets

Investments in securities

10,472.6

9,331.4

9,485.0

8,984.7
Finance receivables, net

90,103.3

86,519.8

93,024.8

81,288.9
Investment in operating leases, net

26,852.7

31,083.9

29,311.1

30,242.4
Notes receivable from General Motors Corporation

5,495.8

4,231.2

5,434.0

4,025.0
Real estate mortgages -- held for sale

7,515.5

5,065.8

5,758.5

5,678.4
-- held for investment

1,428.3

1,386.4

1,895.1

1,497.4
-- lending receivables

3,257.8

1,924.4

2,960.0

1,800.6
Factored receivables

1,851.1

712.3

2,291.1

764.9
Due and deferred from receivable sales, net

1,703.2

1,134.1

1,159.3

742.2
Mortgage servicing rights, net

4,342.5

3,583.4

3,984.5

3,421.8
Other

14,721.1

11,891.8

12,021.0

9,638.6

Total Assets

$168,850.4

$157,537.5

$168,472.2

$148,789.2

General Motors Corporation and affiliated companies

533.4

198.9

199.4

216.0
Interest

2,122.1

1,657.8

1,765.9

1,550.8
Insurance losses and loss expense reserve

1,736.7

1,772.7

1,718.7

1,861.9
Unearned insurance premiums

2,390.7

2,059.3

2,151.1

1,949.5
Deferred income taxes

3,645.8

3,476.5

3,574.3

3,496.7
United States and foreign income and other taxes payable

894.1

699.7

805.5

521.9
Other postretirement benefits

742.0

721.9

744.3

704.3
Other

10,661.9

6,952.1

10,100.7

6,207.5
Debt

131,393.8

126,739.6

133,372.2

121,158.2

Total liabilities

154,120.5

144,278.5

154,432.1

137,666.8

Common stock, $.10 par value (authorized 10,000 shares, outstanding 10 shares)
and paid-in capital

5,127.9

3,679.1

5,127.9

2,200.0
Retained earnings

9,942.9

9,596.3

9,028.5

8,803.9
Net unrealized loss on derivatives

(111.0)

--

Net unrealized gains on securities

178.1

300.5

231.7

356.8
Unrealized accumulated foreign currency translation adjustment

(408.0)

(316.9)

(348.0)

(238.3)

Accumulated other comprehensive income

(340.9)

(16.4 )

(116.3)

118.5

Total stockholder's equity

14,729.9

13,259.0

14,040.1

11,122.4

Total Liabilities and Stockholder's Equity

$168,850.4

$157,537.5

$168,472.2

$148,789.2

(1)
Certain amounts for 1999 and 2000 have been reclassified to conform with 2001 classifications.
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Six Months Ended
Years Ended
June 30,
December 31,
2001
2000
2000
1999
(in millions of U.S. Dollars)
Income Statement Data(1):

Financing revenue

Retail and lease financing

$2,504.5
$2,271.8
$ 4,773.8

$ 4,303.0
Operating leases

3,778.1
4,008.2
7,906.7

7,429.2
Wholesale, commercial and term loans

1,377.2
1,327.3
2,812.9

2,045.7

Total financing revenue

7,659.8
7,607.3
15,493.4

13,777.9
Interest and discount

4,065.4
3,936.9
8,294.7

6,526.2
Depreciation on operating leases

2,473.1
2,612.7
5,166.2

4,891.7

Net financing revenue

1,121.3
1,057.7
2,032.5

2,360.0
Insurance premiums earned

1,004.7
928.1
1,883.8

1,793.9
Mortgage revenue

2,571.5
1,736.8
3,907.2

2,982.3
Other income

1,558.4
1,104.1
2,376.7

1,663.9

Net financing revenue and other

6,255.9
4,826.7
10,200.2

8,800.1

Expenses

Salaries and benefits

1,019.0
922.6
1,865.9

1,591.9
Amortization of intangibles

525.9
304.8
660.7

516.9
Other operating expenses

1,922.5
1,373.1
3,072.5

2,410.1
Insurance losses and loss adjustment expenses

873.9
730.1
1,493.1

1,389.9
Provision for credit losses

535.7
237.7
551.6

403.8

Total expenses

4,877.0
3,568.3
7,643.8

6,312.6
Income before income taxes

1,378.9
1,258.4
2,556.4

2,487.5
United States, foreign and other income taxes

498.8
466.0
954.3

960.2

Cumulative effect of accounting change

34.3
--

Net income

914.4
792.4
1,602.1

1,527.3
Retained earnings at beginning of the period

9,028.5
8,803.9
8,803.9

7,351.6

Total

9,942.9
9,596.3
10,406.0

8,878.9
Cash dividends

--
--
(1,377.5)

(75.0)

Retained earnings at end of the period

$9,942.9
$9,596.3
$ 9,028.5

$ 8,803.9

(1)
Certain amounts for 1999 and 2000 have been reclassified to conform with 2001 classifications.
USE OF PROCEEDS
We will receive net proceeds before expenses of $3,926,080,000 from the sale of the 8% Notes due November 1, 2031 (the "Notes"). We estimate that our expenses
will be approximately $250,000. The net proceeds from the sale of the securities will be added to the general funds of GMAC and will be available for the purchase of
receivables, the making of loans or the repayment of debt. Such proceeds initially may be used to reduce short-term borrowings or invested in short-term securities.
DESCRIPTION OF NOTES
General
The following description of the particular terms of the Notes offered hereby supplements and, to the extent that the terms are inconsistent, replaces, the description
of the general terms and provisions of the Debt Securities set forth in the accompanying prospectus. The Notes are part of the Debt Securities registered by GMAC in
April 2001 to be issued on terms to be determined at the time of sale.
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The Notes will be issued in an initial aggregate principal amount of $4,000,000,000. The Notes offered hereby will be issued pursuant to an Indenture dated as of
July 1, 1982, as amended, which is more fully described in the accompanying prospectus and the Notes have been authorized and approved by resolution of our Board
of Directors on April 3, 2001.
The Indenture and the Notes are governed by, and construed in accordance with, the laws of the State of New York, United States.
The Notes will be redeemed at par on November 1, 2031. The Notes are not redeemable by GMAC prior to maturity unless certain events occur involving U.S.
taxation. See "Redemption for Tax Reasons. " The Notes will bear interest, calculated on the basis of a 360-day year consisting of twelve 30 -day months, from
November 2, 2001 at the rate of 8% per annum, payable on May 1 and November 1 of each year, the first payment to be made on May 1, 2002 in respect of the period
from November 2, 2001 to May 1, 2002, to the person in whose name the Notes are registered at the close of business on the 15th day of the calendar month next
preceding such May 1 and November 1.
Book-Entry, Delivery and Form
The Notes will be offered and sold in principal amounts of U.S. $1,000 and integral multiples thereof. The Notes will be issued in the form of one or more fully
registered Global Notes (collectively, the "Global Notes "), which will be deposited with, or on behalf of, The Depository Trust Company, New York, New York (the
"Depository" or "DTC") and registered in the name of Cede & Co., the Depository's nominee. Beneficial interests in the Global Notes will be represented through
book-entry accounts of financial institutions acting on behalf of beneficial owners as direct and indirect participants in the Depository. Investors may elect to hold
interests in the Global Notes through DTC, Clearstream Banking, société anonyme, Luxembourg ("Clearstream"), or Euroclear Bank S.A./NV as operator of the
Euroclear System ("Euroclear ") if they are participants of such systems, or indirectly through organizations which are participants in such systems. Clearstream and
Euroclear will hold interests on behalf of their participants through customers' securities accounts in Clearstream 's and Euroclear 's names on the books of their
respective depositaries. Clearstream 's and Euroclear 's depositaries will hold interests in customers ' securities accounts in the depositaries ' names on the books of the
Depository. Citibank, N.A. will act as depositary for Clearstream and The Chase Manhattan Bank will act as depositary for Euroclear (in such capacities, the "U.S.
Depositaries"). Except as set forth below, the Global Notes may be transferred, in whole and not in part, only to another nominee of the Depository or to a successor of
the Depository or its nominee. The transfer of Global Notes may be made at the office of the Registrar according to the rules of the clearing systems.
Clearstream has advised that it is incorporated under the laws of the Grand Duchy of Luxembourg as a professional depositary. Clearstream holds securities for its
participating organizations ("Clearstream Participants"). Clearstream facilitates the clearance and settlement of securities transactions between Clearstream Participants
through electronic book -entry changes in accounts of Clearstream Participants, eliminating the need for physical movement of certificates. Clearstream provides to
Clearstream Participants, among other things, services for safekeeping, administration, clearance and settlement of internationally traded securities and securities
lending and borrowing. Clearstream interfaces with domestic markets in several countries. As a professional depositary, Clearstream is subject to regulation by the
Luxembourg Commission for the Supervision of the Financial Sector (CSSF). Clearstream Participants are recognized financial institutions around the world, including
underwriters, securities brokers and dealers, banks, trust companies, clearing corporations and certain other organizations. Indirect access to Clearstream is also
available to others, such as banks, brokers, dealers and trust companies that clear through or maintain a custodial relationship with a Clearstream Participant, either
directly or indirectly.
Distributions, to the extent received by the U.S. Depositary for Clearstream, with respect to the Notes held beneficially through Clearstream will be credited to cash
accounts of Clearstream Participants in accordance with its rules and procedures.
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