Ford Joins General Motors Raising $3.5 Billion With Bond Sales
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Lending units of General Motors Co. and Ford Motor Co., the two largest U.S. automakers, are selling $3.5 billion of bonds.
General Motors Financial intends to issue $2 billion of senior notes in its first debt offering in almost nine months to help fund its purchase of Ally Financial Inc.’s international operations and to repay debt, the company said today in a regulatory filing.