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| Name | Symbol | Market | Type |
|---|---|---|---|
| Qnb Fin 26 | LSE:BQ09 | London | Medium Term Loan |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
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RNS Number : 5069I
Beta Finance Corporation
19 November 2008
To: RNS
London Stock Exchange
10 Paternoster Square
London EC4M 7LS
Date: 19 November 2008
BETA FINANCE CORPORATION
Beta Finance Corporation ("Beta") transitioned into the operating state defined as Defeasance on 19 November 2008
This follows a transaction, whereby Citibank, N.A. agreed with Beta on 18 November 2008 to purchase (at their current values) all
remaining assets and assume all derivative contracts held by Beta.
As part of this transaction Citi has agreed to ensure that Beta will have sufficient funds to repay its senior debt /liabilities and
provide for the obligations to other secured creditors as they fall due.
Citibank International plc
(as Investment Manager and Group Funding Manager of Beta Finance Corporation)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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