European SmartNotes launch

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GMAC and GMACIF have launched a European SmartNotes programme via ABN Amro for European individual i...

GMAC and GMACIF have launched a European SmartNotes programme via ABN Amro for European individual investors. GMAC SmartNotes are fixed income medium-term securities designed specifically for individual investors. They are unsecured debt obligations and are currently rated A3 by Moody's and BBB by S&P. The programme will initially target individual investors in the UK, Germany, The Netherlands and Switzerland. Notes will be issued through ABN Amro new European Direct Access Notes (EuroDANs) programme, a distribution platform for fixed income products to individual investors through a wi...

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