Investors Blast Northern Rock Over MBS Offer

Investors have criticized Northern Rock Asset Management for redeeming some mortgage-backed securities at full value after earlier buying back others at a discount.

  • 08 Jul 2011
Investors have criticized Northern Rock Asset Management for redeeming some mortgage-backed securities at full value after earlier buying back others at a discount. On Wednesday, NRAM said it offered securities worth 40% of the total at prices ranging from 80% to 99% of face value, while announcing the ...

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3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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