Skipton to optimise funding mix with senior tender

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Skipton to optimise funding mix with senior tender

David Freitas
June 24, 2020 02:00 pm
SkiptonBS_PA_575x375
People passing a branch of the Skipton Building Society in Manchester, Greater Manchester, England, United Kingdom on Wednesday 30th March 2016. The UK banking sector regulator, the Financial Conduct Authority, has announced they have received less complaints about banks. The UK banking sector regulator, the Financial Conduct Authority, has announced they have received less complaints about banks. (Photo by Jonathan Nicholson/NurPhoto) *** Please Use Credit from Credit Field *** | NurPhoto/NurPhoto/PA Images

Skipton Building Society announced on Wednesday that it was looking to buy back one of its senior bonds. The tender offer will give investors a premium over secondary market and help the issuer optimise its liability base.

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