Vanquis Banking Completes £100m Bond Tender

Vanquis Banking Group completes £100m bond tender offer at 101.80%. Notes cancelled. Settlement Monday.

ByEvelyn Lee- Senior Editor

Today / 08:11|Last updated: Today / 08:12

Vanquis Banking Completes £100m Bond Tender — Photo: Prepared by Bond.az

Vanquis Banking Group PLC announced the final results of its tender offer for £200 million Fixed Rate Reset Subordinated Tier 2 Notes due 2032.

The company accepted £100 million in aggregate principal amount at 101.80%, with tenders totaling £134.62 million. A pro-ration factor of 74.029% was applied.

Settlement is expected Monday. Repurchased notes will be cancelled. Outstanding notes will be £41.536 million.

Morgan Stanley & Co. International PLC acted as sole dealer manager, Kroll Issuer Services Limited as tender agent.

This article was generated with AI and reviewed by an editor. See T&C.

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