{"id":7021,"date":"2008-01-20T00:00:00","date_gmt":"2008-01-20T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"northern-rock-bidders-have-two-weeks-left","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2008\/northern-rock-bidders-have-two-weeks-left.html","title":{"rendered":"Northern Rock bidders have two weeks left"},"content":{"rendered":"<p class=\"story\">Telegraph.co.uk- The Treasury has this morning invited new bidders to come forward for Northern Rock after unveiling its long-awaited plan on how to resuscitate the stricken bank.<\/p>\n<p class=\"story\">The move could make the competition among private bidders for Northern Rock &#8211; currently a race between Sir Richard Branson and ex-Abbey boss Luqman Arnold &#8211; wide open again.<\/p>\n<p class=\"story\">In a statement, the Treasury said today that all proposals from buyers must be submitted by February 4th.<\/p>\n<p class=\"story\">Any deal will be based on the Government&#8217;s decision, taken within the past few days, to turn the &pound;25bn loaned by the Bank of England into bonds, that will be sold to investors. The bonds, whose term will be about five years, will be guaranteed by the Government.<\/p>\n<p><!--MPU BLOCKED BY PAGECLASS--><a href=\"http:\/\/news.google.com\/news\/url?sa=T&#038;ct=us\/0-0&#038;fd=R&#038;url=http:\/\/www.telegraph.co.uk\/money\/main.jhtml%3Fxml%3D\/money\/2008\/01\/21\/bcnrock212.xml&#038;cid=0&#038;ei=ZEuUR-H5G4OErQPa0vDzCA\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telegraph.co.uk- The Treasury has this morning invited new bidders to come forward for Northern Rock after unveiling its long-awaited plan on how to resuscitate the stricken bank. The move could make the competition among private bidders for Northern Rock &#8211; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7021","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7021"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7021\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}