ABN to sell GMAC corp bonds to retail investors

Newswire

By Anna Peltola LONDON, Jan 26 (Reuters) - Dutch bank ABN AMRO said on Monday it will launch a bond selling platform aimed at retail investors and two financing units of auto maker General Motors will be the first issuers. ABN will sell the GM units' European SmartNotes to individual investors in the UK, Germany, Netherlands and Switzerland. The product is not available to investors in the United States where GMAC has a similar programme which has raised over $29 billion so far. The ...

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