Bend / Central Oregon News, Sports, Business, Weather, Entertainment, Classifieds and Local & State Headlines | The Bulletin

Use Advanced Search to filter by date and category. *keyword is required in search field.
start date (MM-DD-YYYY):
 -  - 
end date (MM-DD-YYYY):
 -  - 
category:
Archive Home > 2009 > April > 23 > GM might skip $1B bond payment

GM might skip $1B bond payment


April 23, 2009

DETROIT — General Motors says it may not make a $1 billion bond payment on June 1 if it doesn’t finish a debt-for-equity exchange by then.

The troubled auto giant plans to make the exchange offer soon to bondholders. General Motors Corp. has $28 billion in unsecured bond....

Read complete article

Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.