1.33 Although the funding competition was well managed, there had been a real risk that the competition might not succeed. The standardised contract might not have been accepted by funders in full or the price demanded for full acceptance might have been too high. In the event the original objectives were achieved.
5 |
| Comparison of the bond and bank financed bids |
Institution | Ambac | 2nd Monoline | Best Bank |
1st year unitary payment payable by the Treasury (March 1999 prices) | 13,007 | £13,060 | £14,095 |
Source: Treasury Taskforce |