TBC Bank (GB:TBCG) has released an update.
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TBC Bank Group PLC successfully concludes its cash tender offer for all outstanding 10.775% Perpetual Subordinated Callable Additional Tier 1 Capital Notes, with $66.594 million tendered by the July 29th deadline. Investors of the tendered notes will receive $1,001.25 for every $1,000 in principal plus accrued interest, with payment expected by July 31st or August 1st for guaranteed delivery. Post-settlement will see $58.406 million in principal amount of notes remaining.
For further insights into GB:TBCG stock, check out TipRanks’ Stock Analysis page.
