24th Nov 2021 15:47
NatWest Group PLC - FTSE 100-listed Edinburgh-based lender - Subsidiary Natwest Markets launches tender offer to repurchase certain outstanding securities for cash.
The first security is GBP175 million fixed rate subordinated notes with no date, at a purchase price of 115.5% and an outstanding principal amount of GBP30.4 million.
The second is an undated GBP350 million fixed rate series of subordinated notes, at a purchase price of 114% and GBP18.8 million outstanding.
Finally, there is the EUR144.4 million eurozone inflation indexed notes due April 23, 2023, with a purchases price of 113.5% and the entire amount outstanding.
The offer has commenced with immediate effect and will expire at 1600 GMT on December 1.
Current stock price: 223.80 pence
Year-to-date change: up 33%
By Dayo Laniyan; [email protected]
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