Skipton to optimise funding mix with senior tender

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By David Freitas
24 Jun 2020

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.

Skipton said on Wednesday that it was repurchasing any and all of its £350m 1.75% bond, maturing in June 2022.

The UK building society said that it already had a strong liquidity position and that the offer would allow the firm to reduce its interest expenditure.

Jeremy Helme, ...

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