GM's bonds fall 4.75 cents to 14 cents on dollar

NEW YORK, Nov 20 (Reuters) - General Motors Corp's (GM.N) long bonds fell to 14 cents on the dollar after hitting a record low of 12 cents earlier on Thursday amid uncertainty about a government bailout for the automaker.

The 8.375 percent bonds due in 2033 had closed on Wednesday at 18.75 cents on the dollar, according to MarketAxess.

GM's shares hit a 70-year low as prospects dimmed that lawmakers would reach a compromise on a proposed $25 billion bailout for U.S. automakers before Congress adjourns this week. For details click on [ID:nN20394859]. (Reporting by Dena Aubin; Editing by James Dalgleish) (dena.aubin@thomsonreuters.com; Tel: +1-646-223-6325; Reuters Messaging: dena.aubin.reuters.com@reuters.net))