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UK may issue exchangeable gilts

The UK Treasury may issue bonds exchangeable into shares of Royal Bank of Scotland and Lloyds TSB, according to the asset manager responsible for the government's stakes in the two banks.

Author: Alexander Campbell

Source: Risk magazine | 18 Aug 2009

Categories: Financial Stability

Topics: Northern Rock, Lloyds Banking Group, Bradford & Bingley, UK Financial Investments Limited (UKFI), Royal Bank of Scotland (RBS)

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