Debt from the 1700s being refinanced

[John in Plano]

After that financial crash in 1720, called the South Sea Bubble, the British government was forced to undertake a bailout that eventually left several million pounds of debt on its books. Almost three centuries later, Britons are still paying interest on a small part of that obligation.

Now, prompted by record low interest rates, the British government is planning to pay off some of the debts it racked up over hundreds of years, dating as far back as the South Sea Bubble.


http://www.nytimes.com/2014/12/28/world ... .html?_r=0

[GFB]

I guess the refi finally came through.