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Shawbrook to redeem rest of 8½% subordinated notes due 2025
By Taylor Fox
New York, Sept. 22 – Shawbrook Group plc plans to fully redeem its outstanding £200,000 of 8½% fixed-rate reset callable subordinated notes due 2025 (ISIN: XS1303933573), according to a news release.
The notes will be redeemed on Oct. 28 at par, plus interest.
Following redemption, the notes will be canceled.
The savings and lending bank is based in Brentwood, England.
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