British Energy (Hansard, 10 June 1999)

HC Deb 10 June 1999 vol 332 c381W 381W

§ 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.