The Dutch finance ministry has allowed Dutch banks and insurers to pay back around €40.8 billion of emergency financing before schedule, Reuters reports. The ministry had guaranteed banks and insurers to sell state-backed bonds in 2008 for around €200 billion in corporate bonds. The institutions were allowed to sell state-backed bonds of maturities between three months and 60 months. ING, Fortis Bank Nederland, SNS Reaal, NIBC and other firms sold around €50.3 billion of state-backed bonds.
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