The US Department of the Treasury has announced that it is offering trust preferred securities (TruPs) received from Ally Financial (Ally) pursuant to the Automotive Industry Financing Program (AIFP). The US Treasury currently holds around US$2.67bn of Ally TruPs, which were received in connection with the restructuring of its commitment to Ally Subscribe to Automotive World … Continued
The US Department of the Treasury has announced that it is offering trust preferred securities (TruPs) received from Ally Financial (Ally) pursuant to the Automotive Industry Financing Program (AIFP).
The US Treasury currently holds around US$2.67bn of Ally TruPs, which were received in connection with the restructuring of its commitment to Ally
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https://www.automotiveworld.com/articles/86097-us-treasury-to-sell-us-2-7bn-of-ally-securities/
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