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With financing in place and debt reducing, we view the group as a survivor of the UK housing recession".
The Fed predicted that investors would be forced to buy other kinds of debt, reducing rates for other borrowers.
Proceeds of the sale would be used to pay down debt, reducing government interest payments by 1.2 billion marks a year.
Harris said underlying operations continued to be cash-generative, allowing the firm to pay off £11m of debt, reducing borrowings to £55m.
The supermarket chain has trimmed $595 million from its debt, reducing interest payments by $71 million a year, said Jeffrey Freimark, the company's chief financial officer.
But the Bank of Japan could buy in much more government debt, reducing its stock and in effect printing more money.
Similar(44)
Net debt reduced from £194m to £183.3m.
In 2012, only Greece's private creditors had debt reduced.
"Debt reduces our ability to finance our social model and prepare the future," Mr. Villepin said.
Operating profit has marginally beaten forecasts, with the dividend maintained and net debt reduced (-15pc).
Wednesday's half-year numbers showed net debt reduced by £183m to £723m between March and September.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com