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The UK had some outstanding until recently, but I don't think there are any left https://www.gov.uk/government/news/chancellor-to-repay-the-nations-first-world-
by justincormack 4y ago
The UK had some outstanding until recently, but I don't think there are any left https://www.gov.uk/government/news/chancellor-to-repay-the-nations-first-world-war-debt https://www.gov.uk/government/news/chancellor-to-repay-the-n...
- OscarCunningham 4y agoMy understanding is that all British consols were callable; the government had the option to force redemption of the bond at a fixed price. This means that they're a slightly more complicated product than the direct stock-for-flow exchange that I'm imagining.