The bank said the redemption of the warrants, which gave the government the right to buy shares at a fixed price for 10 years, would give taxpayers a 20 per cent annualised return on their investment.

• 该银行表示，赎回认股权证将使纳税人获得20%25的年化投资回报率。这一权证让政府有权在10年内以固定价格买入摩根士丹利股票。