UK Mortgages rates and deals

May 31, 2009

GM bondholders in debt-for-equity swap

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 5:11 pm

A majority of General Motors bondholders have agreed to a debt-for-equity exchange, a source familiar with the voting said on Sunday, helping pave the way for a bankruptcy filing expected on Monday.

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