Business
Issue of Debt
Issue of Debt.
About this update from Secure Trust Bank Plc
[{"type":"text","content":"\n \nRNS Number : 9240U Secure Trust Bank PLC 17 July 2018 \n\nPRESS RELEASE\nSecure Trust Bank PLC\nLEI: 213800CXIBLC2TMIGI76\n17 July 2018\nFor immediate release\n \nSECURE TRUST BANK PLC\nIssue of Regulatory Capital\nSecure Trust Bank PLC (\"STB\" or the \"Bank\") announces that it has today completed an issue of £25,000,000 6.75% Fixed Rate Reset Callable Subordinated Notes due 2028 (the \"Notes\"). The Notes mature in 2028 but STB may at its discretion redeem the Notes in 2023.\nThe Notes will be treated as Tier 2 regulatory capital which will be used to support the continuing growth of the business taking into account increases in regulatory capital buffers. The issue of the Notes is part of an on-going programme to diversify and expand the capital base of the Bank.\nThe issue of the Notes is a debut bond issue by the Bank. The Notes are listed on the Global Exchange Market of the Irish Stock Exchange plc trading as Euronext Dublin.\nCredit Suisse was the Sole Bookrunner in relation to the issue of the Notes.\n-ENDS-\n \nEnquiries: \n \nSecure Trust Bank PLC\nPaul Lynam, Chief Executive Officer\nNeeraj Kapur, Chief Financial Officer\nTel: 0121 693 9100\n \nAbout the Company:\nSecure Trust Bank is an established, well-funded and capitalised UK retail bank with a 66 year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had 767 employees (full-time equivalent) as at 31 December 2017. The Group's diversified lending portfolio currently focuses on three sectors (i) Business Finance through its Real Estate Finance, Asset Finance and Commercial Finance divisions (ii) Consumer Finance through its Motor Finance and Retail Finance divisions and (iii) Consumer Mortgages.\nAs at 31 December 2017 the Group's loans and advances to customers totalled £1,599 million, customer deposits totalled £1,483 million and the Group's total customer base was approaching one million.\n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit ...