Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Skipton Building Society > News item |
Skipton Building tenders for £350 million 1.75% notes due 2022
By Sarah Lizee
Olympia, Wash., June 24 – Skipton Building Society launched a cash tender offer for all £350 million of its 1.75% notes due 2022 (ISIN: XS1640528854), according to a London Stock Exchange notice.
Pricing will be set at 6 a.m. ET on July 2 using the 4% U.K. Treasury gilt due March 2022 plus 100 basis points.
Holders will also receive accrued interest.
Tenders will be accepted for purchase with no pro rata scaling.
The offer will expire at 11 a.m. ET on July 1.
Tender instructions will be irrevocable except in the limited circumstances.
Tender instructions must be submitted in minimum nominal amounts of £100,000, and may be submitted in integral multiples of £1,000 thereafter.
Settlement is expected for July 6.
The dealer managers are Banco Santander, SA (+44 7418 709 688, +44 7742 403 679, tommaso.grospietro@santanderCIB.co.uk, adam.crocker@santandercib.co.uk) and Lloyds Bank Corporate Markets plc (+44 20 7158 1719/1726, liability.management@lloydsbanking.com).
The tender agent is Lucid Issuer Services Ltd. (+44 20 7704 0880, skipton@lucid-is.com).
The building society is based in Skipton, England.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.