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Support for Direct Line Group's debt issuance plan 'delights' bosses

Direct Line Group logo

Direct Line Group bosses have expressed their "delight" after more than 40 financial institutions declared their support for the firm’s £500m planned subordinated debt issuance.

RBS chief executive Stephen Hester has insisted that the preferred sell-off is through an initial public offering later in 2012 "subject to market conditions".

However, the process would appear to

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