U.K. to Back Northern Rock Debt in Plan to Spur Sale (Update6) (Bloomberg.com)
Story date: 2008-01-21 09:32:38
Added on: 2008-01-21 09:39:21
Jan. 21 (Bloomberg) -- The U.K. government, struggling 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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