GMAC sells government-backed debt
NEW YORK (Reuters) – GMAC Financial Services on Wednesday sold $2.9 billion in government-backed debt, ahead of a regulatory deadline next month that will test the company’s capital levels and ability to absorb losses.
October 28, 2009
NEW YORK (Reuters) - GMAC Financial Services on Wednesday sold $2.9 billion in government-backed debt, ahead of a regulatory deadline next month that will test the company's capital levels and ability to absorb losses.
