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Mound Financing (No. 4) completes purchase offer for £250 million asset-backed floaters
By Toni Weeks
San Diego, April 17 - Mound Financing (No. 4) plc completed its purchase offer for £250 million of series 5 class A asset-backed floating-rate notes due November 2032, according to a company notice with the London Stock Exchange.
The issuer was notified by Bank of Scotland plc that the bank achieved its target purchase amount, and no extension of the offer will be made.
As previously reported, Bank of Scotland offered to purchase the notes at par plus accrued interest. The offer ended noon ET on April 2.
Lloyds Bank was the dealer manager on behalf of Bank of Scotland.
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