Building societies lead end of year rush in sterling and euro

04 Dec 2009

This week two UK building societies issued under the government guarantee, as they sought to take advantage of it before it closes at the end of this month.

Yorkshire Building Society issued £600m of March 2012 bonds on Thursday, under the UK government guaranteed scheme.

"We wanted to make sure we got a deal done before the guarantee ended, and we did not want to leave it until later this month," said a treasury official at ...

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