Vanquis Banking Group PLC has launched a tender offer to purchase up to £141.5 million of its outstanding £200 million Fixed Rate Reset Subordinated Tier 2 Notes due 2032.
The offer expires at 4:00 p.m. London time on Wednesday, May 21, 2026, at a purchase price of 101.80% of principal plus accrued interest.
The company aims to optimize its capital base and manage interest expense. Acceptance is conditional on a new issuance of approximately £100 million in subordinated notes.
