Ally Financial said late Wednesday that the U.S. Treasury will be repaid $2.7 billion from the sale of all the Trust Preferred Securities that the agency holds in the bank holding company and mortgage lender.  

"This represents the full value of Treasury's investment in these securities," the company said in a statement. "The offering priced today at 8.125 % and is expected to close on March 7, 2011. In addition to the proceeds from this transaction, Ally has paid approximately $2.2 billion in dividends on the Treasury investment to date."

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