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LONDON : Partly-nationalised Royal Bank of Scotland is planning a major debt restructuring, the Financial Times reported on Tuesday.
The daily business newspaper, which cited people close to the bank, said that RBS wanted to buy back at least 10 billion pounds (11 billion euros, 15 billion dollars) of its total debt pile of 28 billion pounds.
A spokesperson for RBS, which is 84 percent owned the government after a massive bailout, declined to comment on the report when contacted by AFP.
The FT report added that RBS finance director Bruce van Saun was expected to announce the plan at some stage in the next two weeks.
- AFP /ls
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