GM won't face cash crisis if rating gets cut

Article Abstract:

General Motors Corp. of United States credit rating is up for evaluation and may be lowered. A General Motors Corp. benchmark bond coming to term in July 2033 was 5.36 percent, better than junk bonds. General Motors Corp. has a cash valuation of $19.8 billion with $10 billion in a trust and credit facilities.

Author: Hawkins, Lee, Jr.
TRANSPORTATION EQUIPMENT, General Motors Corp., GM, Transportation equipment industry, Company Profile

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EMI bond stance may hint at bid for AOL Music

Article Abstract:

EMI Group PLC launched a $243 million (216.7 million euros) convertible bond offering on September 11, 2003. The offering raised speculation that the company might be interested in acquiring AOL Time Warner's music operations.

Author: Pulizzi, Henry J.
United Kingdom, Strategy & planning, Planning, AOL Time Warner Inc., Music industry, Company business planning, EMI Group PLC, Convertible bonds

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Subjects list: United States, Finance, Securities, Company securities, Company financing
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