Bradford & Bingley has announced they are not going to pay interest on their subordinated bonds when the next payment becomes due. UKSA issued this press release commenting on the position of the holders of these bonds (formerly called PIBS).
Bradford & Bingley has announced they are not going to pay interest on their subordinated bonds when the next payment becomes due. UKSA issued this press release commenting on the position of the holders of these bonds (formerly called PIBS).