General Motors to price 500 mln stg RMBS next week

Newswire

LONDON, Sept 12 (Reuters) - GMAC RFC Ltd, a financing unit of U.S. car giant General Motors plans to price a dual currency residential mortgage backed bond worth about 500 million pounds next week, a market source close to the deal said on Friday.

The bonds will be backed by subprime and non-comforming home loans GMAC RFC Ltd originated in the UK. The issue will be sold via special purpose ...

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