4th Jun 2024 15:56
Arbuthnot Banking Group PLC - London-based merchant bank - Completes renewal of the private issue of its subordinated loan, which is classified as tier two for capital purposes. The loan was increased by GBP1.0 million to GBP26.0 million. The loan is expected to mature on June 3, 2034. Interest is payable on the loan at a rate of 7.25% plus sterling over night indexed average.
Current stock price: 966.50 pence each, down 2.6% on Tuesday
12-month change: up 2.8%
By Sophie Rose, Alliance News senior reporter
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