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Published on 5/16/2011 in the Prospect News Liability Management Daily.

Bradford & Bingley buys back £1.8 billion 2012 floating-rate bonds

By Melissa Kory

Cleveland, May 16 - Bradford & Bingley plc said it purchased and canceled on May 16 its £1.8 billion of series 19 floating-rate covered bonds due April 2012 issued under the €15 billion covered bond program.

The bank said it has requested that listing of the bonds and admission of the bonds to trading on the Luxembourg Stock Exchange be canceled.

Bradford & Bingley is a Bingley, England-based bank.


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