UKAR Tender Could Spark Further Buy-Backs

03 Jul 2012

Industry eyes are locked on Northern Rock Asset Management and Bradford & Bingley’s £500 million ($784.5 million) tender offer—which expires Wednesday—for subordinate Granite, Aire Valley and Whinstone U.K. RMBS bonds, with some officials speculating on more buy-backs further down the line.

Industry eyes are locked on Northern Rock Asset Management and Bradford & Bingley’s £500 million ($784.5 million) tender offer—which expires Wednesday—for subordinate Granite, Aire Valley and Whinstone U.K. RMBS bonds, with some officials speculating on more buy-backs further down the line.

The tender, announced last month by the ...

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