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Wednesday 10 June 2009 8:00 pm  |  Updated:  Friday 31 May 2019 12:20 pm

UKFI in bond plan for bank stakes

By: admindrupal

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The government is mulling an early exit from its £70bn stakes in bailed-out RBS and Lloyds Banking Group before their share prices recover, by selling off “exchangeable bonds” in the groups. UK Financial Investments has discussed creating the complex instruments to allow an early sale of the stakes at a premium to their still-depressed share prices.

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