Residential Capital Corp., Minneapolis, has priced senior and subordinated bond offerings totaling $3.5 billion in principal.The senior offering consists of $1.75 billion of 6.5% fixed-rate notes due in 2013 and $750 million of floating-rate notes due in 2009, ResCap said. The subordinated offering consists of $1.0 billion of floating-rate notes due in 2009. ResCap said it plans to use the proceeds of the offerings, along with cash from other funding sources, to repay all domestic borrowings from General Motors Acceptance Corp., its parent.
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