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Market Watch: “GM bondholders may recoup $14 billion, group says”

GM has about 100,000 individual bondholders, holding about 20% of the company’s outstanding debt, according to 60 Plus, a senior advocacy group that lobbied lawmakers on behalf of individuals who hold GM bonds. The group also plans to ask the bankruptcy court for separate representation from institutional bondholders.

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192 comments

By admin – June 1, 2009

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