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Principality Pibs: bread of heaven

With St David's Day not far off, our bond tip this week has a Celtic tinge with the Principality 7% permanent interest-bearing shares (Pibs) issued by Principality Building Society a good start for savers looking for income. It is a measure of how much the building society sector has consolidated in the past year that the Cardiff-based Principality is now the seventh-largest society in the UK with assets of £6bn.

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By Mark Glowrey,
24 February 2010

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