Rating: BBB+/BBB+ (S&P/Fitch)Tranche 1: £300m subordinated debt
Maturity: November 17, 2025
Issue/re-offer price: 99.593
Coupon: 6.875% until 17/11/15; thereafter reset at 307bp over the prevailing five year Gilt
Call option: at par on 17/11/15 and 17/11/20
Spread at re-offer: ...
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