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GMAC bondholders agree to swap $21.2B in debt (AP)

Started by riky, December 31, 2008, 08:01:29 PM

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riky

GMAC bondholders agree to swap $21.2B in debt
    (AP)

 



<p>You are not allowed to view links. Register or LoginAP - GMAC Financial Services said Wednesday that bondholders representing $21.2 billion of its debt have agreed to the terms of a debt-for-equity swap that was designed to help it raise enough capital to qualify for much-needed federal aid.</p><br clear="all"/>


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