Shawbrook wins demand for 9% tier two

Tyler Davies

July 03, 2020 11:45 am

Sterling_notes_PA_575x375_240420 — December 17, 2018 - The pound sterling, whose symbol is Â£, is the official currency of the United Kingdom, and is the third most-traded currency in the foreign exchange market after the US dollar and the euro. One pound sterling is made of 100 pence (Credit Image: © Shane Wsilly/IMAGESLIVE via ZUMA Wire) | Shane Wsilly/Zuma Press/PA Images

Shawbrook Group, the specialist UK lender, was able to price a new tier two at 9% this week. The deal is set to replace an older bond, which is subject to a tender offer and is otherwise callable later this year.

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Topics

Bank Capital Deutsche Bank UK Europe ABN Amro Regulatory Capital EMEA FIG

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Tyler Davies