U.K. to Back Northern Rock Debt in Plan to Spur Sale (Update3) (Bloomberg.com)

Story date: 2008-01-21 03:21:33
Added on: 2008-01-21 04:00:21

Jan. 21 (Bloomberg) -- The U.K. government, in a last-ditch attempt to find a buyer for Northern Rock Plc, said it will guarantee a sale of bonds backed by the bank's home loans and gave bidders two weeks to come forward with proposals.


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