6th Dec 2023 12:24
(Alliance News) - Virgin Money UK PLC on Wednesday said GBP105.8 million worth of notes have been tendered as part of a repurchase offer.
Last week Tuesday, the lender offered holders to tender "any and all" of their outstanding GBP250.0 million 9.25% fixed rate reset perpetual subordinated contingent convertible notes, for purchase in cash.
Virgin Money said that GBP105.8 million worth of notes had been validly tendered, representing 42% of the notes outstanding.
Virgin Money's share price was up 2.0% at 150.15 pence each in London on Wednesday afternoon.
By Hugh Cameron, Alliance News reporter
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