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    Howard - I think that has been answered. City institutions, pension and insurance companies in particular. Remember this is about the issuing of bond stock that does not convey equity ownership or management control. Such stock for the PPT has already been assessed as being investment grade, in other words high quality low risk stock for which a low interest rate would be paid.

    Worth noting that such stock gets traded on the market and can the holders of the stock can change hands. The holders of the stock can be many and different at different times.


    if you have a private pension, managed funds, with-profit funds or corporate bond funds in pensions/ISAs or other investments you could end up benefitting from the PPT stock.

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