Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

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China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

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Skip Navigation LinksHome :: Back Issues :: Debt round up: ResCap pays back domestic sub debt early

May 2006

Debt round up: ResCap pays back domestic sub debt early

ResCap was able to pay back its domestic debt owed to GMAC ahead of market expectations following a $3.5 billion multi-tranche transaction ($1 billion of three-year sub, and $2.5 billion of senior – split into $1.75 billion of seven-year and $750 million of three-year).


When ResCap was hived off from GMAC it did so with the backing of $5 billion of 10-year subordinated debt. The goal was to pay back GMAC quickly, circa 2007 but in November 2005 ResCap...


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