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Northern Rock takeover of B&Bingley
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Will Northern Rock customers get a payout when they take over Bradford & Bingley, if they have fixed rate bonds or do they have to have Northern Rock shares?
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No best answer has yet been selected by smurfchops. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Well yes it is too early to say but I very much doubt if holders of fixed rate bonds (a savings product) will get a payout nor any shares. There's absolutely no reason for them to do so.
They will continue to receive interest on the bonds at the fixed rate until they expire when they will have the opportunity of reinvesting them in a product of their choice.
They will continue to receive interest on the bonds at the fixed rate until they expire when they will have the opportunity of reinvesting them in a product of their choice.
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