Saturday 9th October 1982
Continued all week to remind Peter M [Peter Middleton] that we wanted a CONVERSION
Best to sell 5 year and buy 10-12 year
- we would cheapen debt by 0.8% points per £1 debt
EG [Eddie George] - said he would like to think about it
- but no action - he is probably trying to persuade Gordon Richardson
-neither have we had any word about my 10% Conventional with optional Conv to 3% index in 1987
but we had already overfunded £79 in Banking October by beginning of week
[10 October entry blank]