Monday 14 December 2009

UK Credit Guarantee Scheme (CGS) extended

The CGS makes available, to eligible institutions, a government guarantee of new short and medium term debt issuance of up to three years' maturity.

Up to 4 December 2009 £134billion had been taken up.

Access has been extended to 28 February 2010, and applications will be dealt with on a case by case basis. Unused allocations will expire by 31 December 2009.

Up to £250 billion is available under the scheme.

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