Securitization giant General Motors Acceptance Corp., the Minneapolis-based auto-lender, will float a $1 billion, Euro-denominated dealer floorplan auto-loan securitization for European investors in coming days, hoping to get a warmer reception from a segment of the investor community not facing a flood of issuance.

Because market experts have predicted that dollar-denominated deal volume will swell to $25 billion to $30 billion in September, GMAC is opting to do its deal in Euros to an audience across the pond, according to a source close to the situation. The deal would be the first Euro-denominated dealer floorplan transaction ever issued in Europe, said the source.

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