U.K. to Back Northern Rock Debt in Plan to Spur Sale (Update7) (Bloomberg.com)

Story date: 2008-01-21 02:51:05
Added on: 2008-01-21 15:53:26

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.


Read more...

Related Stories:

• U.K. to Back Northern Rock Debt in Plan to Spur Sale (Update6) (Bloomberg.com)

  Jan. 21 (Bloomberg) -- The U.K. government, struggling to find a buyer for Northern Rock Plc, said it will guarantee a sale...
  2008-01-21 09:32:38

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

  Jan. 21 (Bloomberg) -- The U.K. government, in a last-ditch attempt to find a buyer for Northern Rock Plc, said it will...
  2008-01-21 03:21:33

• Northern Rock's Bailout by U.K. Wins EU Approval, Aiding Sale

  Bloomberg - Dec. 5 (Bloomberg) -- Northern Rock Plc's government rescue was approved by European Union regulators, helping clear the way for...
  2007-12-05 03:28:00

• Northern Rock Favors Virgin Offer; Treasury Approves (Update3)

  Bloomberg - Nov. 26 (Bloomberg) -- Northern Rock Plc, the U.K. mortgage lender bailed out by the Bank of England two months...
  2007-11-26 04:15:00

• Northern Rock Talks Resume With Bidders, Brown Says (Update4)

  Bloomberg - Northern Rock was bailed out by the Bank of England in September, when the collapse of the U.S. subprime mortgage...
  2008-01-19 10:49:00

• Northern Rock Wins New Guarantee From U.K. Government (Update4)

  Bloomberg - Oct. 9 (Bloomberg) -- Northern Rock Plc, the U.K. mortgage lender bailed out last month by the Bank of England,...
  2007-10-09 04:53:00

• Northern Rock 'can't find buyer'

  BBC News - The paper says banks have estimated that it would require too much capital - as much as £20bn -...
  2007-09-23 04:50:00

• U.K. Should Buy Northern Rock, Not Extend Loans, Robinson Says

  Bloomberg - Nov. 16 (Bloomberg) -- Prime Minister Gordon Brown's government should take control of Northern Rock Plc rather than ... Currently,...
  2007-11-16 05:45:00