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Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item
Published on 3/17/2023 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Secure Trust to redeem £25 million 6¾% subordinated notes due 2028

By Mary-Katherine Stinson

Lexington, Ky., March 17 – Secure Trust Bank plc will buy back the entire outstanding amount of its existing £25 million 6¾% fixed-rate reset callable subordinated notes due 2028 (ISIN: XS1854025415), according to a company notice.

The transaction is expected to settle around March 20.

This follows the group’s recent issue of £90 million tier 2 bonds and supports the group’s medium-term growth goals.

The retail bank is based in Solihull, U.K.


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