IN BRIEF: Investec launches GBP350 million tender offer for 2032 notes
Investec PLC and Ltd - Sandton-based financial services company - Launches a cash tender offer to buy back up to the full GBP350.0 million outstanding of its 2.6% callable fixed rate resettable subordinated notes due 2032. Investec offers a purchase price of around 99% of principal, plus accrued interest, with any notes acquired to be cancelled. The group says the offer forms part of the proactive management and optimisation of its debt profile and capital base and is subject to supervisory consent and the issue of new notes. Read More