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Virgin Money to redeem £475 million 5% fixed-rate reset tier 2 notes
By Cady Vishniac
Detroit, Dec. 11 – Virgin Money UK plc will redeem for cash all of its £475 million 5% fixed-rate reset callable subordinated tier 2 notes (ISIN: XS1346646901) on Feb. 8, according to a press release.
The notes will be redeemed at par.
The company says the notes are being redeemed subsequent to the September issuance of £475 million of 5.125% fixed-rate reset callable tier 2 capital notes due 2030.
Virgin Money plc is a bank and financial services company based in Newcastle, England.
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