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National Westminster Bank to redeem all £87.27 million step-up notes
By Tali Rackner
Norfolk, Va., Dec. 18 – National Westminster Bank plc plans to redeem the entire £87,272,000 outstanding amount of its undated subordinated step-up notes on Jan. 21, according to a filing with the London Stock Exchange.
The notes will be redeemed at par plus accrued interest to the redemption date.
The bank originally issued £325 million of the notes under its £3 billion euro medium-term note program.
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