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Start-up bank tops up after 97% gain

Secure Trust Bank, the £200m AIM-listed start-up bank that has seen its share price double since IPO last year, priced a top-up placing of new shares on Tuesday to fund acquisitions, organic growth and to clean-up its capital structure.

  • 20 Nov 2012

It raised £20m from the placing of 10.5% of the existing share capital, at 1350p each. That was a 4.9% discount to Monday’s close of 1,420p. The share closed at 1,405p, down just 1% on the day.

Canaccord Genuity Hawkpoint was sole bookrunner for the deal.

Arbuthnot Banking Group spun ...

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All International Bonds

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1 JPMorgan 157,356.37 678 8.16%
2 Citi 152,676.64 610 7.92%
3 Bank of America Merrill Lynch 124,631.28 499 6.47%
4 Barclays 122,825.35 473 6.37%
5 HSBC 99,755.18 499 5.18%

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1 Bank of America Merrill Lynch 12,891.73 34 6.67%
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3 UniCredit 11,196.47 58 5.79%
4 Citi 9,580.75 37 4.96%
5 Deutsche Bank 8,945.44 35 4.63%

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1 Morgan Stanley 5,248.63 23 10.64%
2 JPMorgan 4,558.16 26 9.24%
3 Goldman Sachs 4,254.47 19 8.62%
4 Citi 3,649.88 23 7.40%
5 UBS 3,602.23 16 7.30%