GMAC Bonds Drop On Faltering Bank Bid
GMAC Financial Services bonds fell five points last Wednesday after the auto financer said its debt exchange offer hasn't raised enough capital to support its bid to become a bank holding company.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast