HC Deb 10 June 1999 vol 332 c381W
Ms Lawrence

To ask the Chancellor of the Exchequer if he will make a statement about the recent sale of the Government's holding of debt in British Energy. [86828]

Mr. Milburn

The sale of HM Treasury's three bonds in British Energy (£109,861,000 5.949 per cent. bond due 2003, £163,444,000 6.077 per cent. bond due 2006, £134,586,000 6.202 per cent. Bond due 2016) was completed on 4 June 1999. Payment will be made to HM Treasury on 11 June. Proceeds from the sale, net of commissions, will total £392 million.

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