Book size: 1750; First Pay: 2026-08-03; Redemption: 2031-05-03; Registration: Reg S Only; Comments: GBP250m 10.5NC5.5 fxd-rate-reset cpn 6.125% at par. Spread: UKT+213.7. Clean-up Call: 75%. Tax Call: Yes. Reset Date: 08/02/2031;
Deal Comments
Tier 2
Use of Proceeds
Refinancing of the issuer's existing securities including the repurchase and cancellation, pursuant to the tender offer announced by the Issuer on 26 January 2026