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Reuters: GMAC's bonds fall after exchange offer fizzles

Started by chris, December 10, 2008, 04:59:21 PM

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chris

GMAC's bonds fall after exchange offer fizzles
      


NEW YORK (Reuters) - GMAC's bond price fell on Wednesday and its credit insurance costs rose after the finance company said it did not receive enough response to an exchange offer to meet capital requirements to become a bank holding company.<div class="feedflare">
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