FACTBOX-UK investments in RBS, Lloyds
LONDON, Nov 3 (Reuters) - Britain is to pump over 30 billion pounds ($49 billion) more into two of its top banks, Royal Bank of Scotland (RBS.L) and Lloyds Banking Group (LLOY.L).
The government is sitting on a paper loss of over 10 billion pounds on its 37 billion pound rescue deal in October 2008. Its latest capital injection will lift its stake in RBS to 84 percent and keep its holding in Lloyds at 43 percent. [ID:nL3540088] [ID:nL3565124]
The following are details of the government's investment in the two banks:
DATE BANK NO OF AVG PURCHASE CURRENT PAPER
SHARES PRICE PRICE LOSS Oct 08 RBS 39.6 bln 50.5p 35.3p 6 bln stg Oct 08 Lloyds 11.8 bln 122.6p 83.4p 4.6 bln stg Nov 09 RBS B shares worth 25.5 billion stg Nov 09 RBS Contingent B shares worth 8 billion stg* Nov 09 Lloyds To spend 5.7 billion stg on rights issue**
*RBS may replace some of the B shares with a rights issue, Details not yet released.
**Rights issue details not yet released. Government to receive 2.5 billion pounds in an Asset Protection Scheme break fee from Lloyds, so latest net investment is 3.2 billion pounds. (Compiled by Steve Slater and Paul Hoskins; Editing by Jon Loades-Carter)
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