Rock Suspends Interest Due On Pounds 1.7bn of Bonds [Edition 3]
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Summary
NORTHERN Rock is suspending interest payments on Pounds 1.7bn- worth of bonds, underscoring the parlous state of its finances.
The decision will irk institutional investors in the eight debt securities affected, which have a face value of Pounds 1.7bn. But it will save the state-owned bank an estimated Pounds 130m a year.See the full content of this document
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Rock Suspends Interest Due On Pounds 1.7bn of Bonds [Edition 3]
The suspension of the interest repayme...
See the full content of this document
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