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Prospect News home > News index > List of issuers V > Headlines for Virgin Money UK plc > News item
Published on 9/13/2021 in the Prospect News Liability Management Daily.

Virgin Money to redeem £230 million fixed-rate reset tier 1 securities

By Mary-Katherine Stinson

Lexington, Ky., Sept. 13 – Virgin Money UK plc will redeem for cash all of its £230 million 2.625% fixed-rate resettable additional tier 1 notes (ISIN: XS1516312409) on Nov. 10, according to a press release.

The notes will be redeemed at par, plus interest to the redemption date.

The company says the notes are being redeemed subsequent to the May issuance of £300 million of 2.625% fixed-rate reset callable subordinated tier 2 capital notes.

Virgin Money plc is a bank and financial services company based in Newcastle, England.


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