1st Sep 2020 10:37
(Alliance News) - Virgin Money UK PLC said Tuesday it has launched a tender offer for its GBP475.0 million 5% fixed rate reset callable subordinated tier 2 notes due 2026.
The offer will end September 8, the midcap lender said.
Virgin Money noted the tender offer will offer noteholders the "opportunity to redeploy funding" into the lender's proposed new notes.
Shares in Virgin Money were down 2.8% in London on Tuesday at 90.74 pence each.
By Paul McGowan; [email protected]
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