UPDATE 2-GM bondholders urged to accept new debt deal

Newswire

* Bondholders see GM bankruptcy on Sunday or Monday * 35 pct of GM bondholders seen already backing new deal * US gov't would not be repaid until GM valued at $69 bln (Adds detail on individual bondholders, last paragraph) By Kevin Krolicki DETROIT, May 29 (Reuters) - Advisers to General Motors Corp bondholders representing $27 billion in the automaker's debt urged investors on Friday to support a debt swap negotiated over the past week with the Obama administration. Bondholders ...

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