Secure Trust Bank PLC Issue of Regulatory Capital (6654C)
02 Octubre 2018 - 7:13AM
UK Regulatory
TIDMSTB
RNS Number : 6654C
Secure Trust Bank PLC
02 October 2018
PRESS RELEASE
Secure Trust Bank PLC
LEI: 213800CXIBLC2TMIGI76
02 October 2018
For immediate release
SECURE TRUST BANK PLC
Issue of Regulatory Capital
Secure Trust Bank PLC ("STB" or the "Bank") announces that it
has today completed a further issue of GBP25,000,000 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.
The 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.
This issue of the Notes follows the first such issue by the Bank
which closed on 17 July 2018.
The Notes are listed on the Global Exchange Market of the Irish
Stock Exchange plc trading as Euronext Dublin.
Credit Suisse was the Sole Bookrunner in relation to the issue
of the Notes.
-ENDS-
Enquiries:
Secure Trust Bank PLC
Paul Lynam, Chief Executive Officer
Neeraj Kapur, Chief Financial Officer
Tel: 0121 693 9100
About the Company:
Secure 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 831 employees (full-time equivalent) as at 30
June 2018. 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.
As at 30 June 2018 the Group's loans and advances to customers
totalled GBP1,839.0 million, customer deposits totalled GBP1,645
million and the Group's total customer base was over one
million.
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END
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