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Prospect News home > News index > List of issuers O > Headlines for OneSavings Bank plc > News item
Published on 8/4/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

OneSavings Bank announces redemption of £22 million perpetual subordinated bonds

By William Gullotti

Buffalo, N.Y., Aug. 4 – OneSavings Bank plc announced it will redeem all outstanding £22 million perpetual subordinated bonds (ISIN: GB00B61ZXL72) on Sept. 7, according to a company announcement.

The redemption, first announced July 30, is for all of the bonds. Bonds will be redeemed at par plus accrued interest, and notice will be deemed to have been given to all bondholders as of Aug. 6.

Following redemption, the bonds will be canceled pursuant to the conditions and removed from the London Stock Exchange on Sept. 9.

OneSavings is a commercial bank based in Chatham, England.


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