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GMAC Financial Services Offers $2.9 Billion of Guaranteed Debt.

Publication: Investment Weekly News
Publication Date: 14-NOV-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
GMAC Financial Services announced that it has priced an offering for $2.9 billion of senior fixed rate notes guaranteed by the Federal Deposit Insurance Corporation (FDIC) pursuant to the FDIC Temporary Liquidity Guarantee Program (TLGP). The notes are due in October 2012.

This offering further strengthens GMAC's liquidity position,...

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