=+Bill Gross, a manager ofa bond investmentfund, idenounced a lack in candor related to GEs recent debt
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=+Bill Gross, a manager ofa bond investmentfund, “idenounced a ‘lack in candor’ related to GEs recent debt deal. ‘It was the most recent and most egregious example ofhow bondhold¬
ers are mistreated.’ Gross argued that GE was notforthright when GE Capital recently issued
$11 billion in bonds, one ofthe largest issues everfrom a U.S. corporation. What bothered Gross is that three days after the issue the company announced its intention to sell as much as $50 billion in additional debt, warrants, preferred stock, guarantees, letters ofcredit and promissory notes at some future date.”
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