Aldermore Group PLC Issue of Debt (2170N)
October 21 2016 - 10:50AM
UK Regulatory
TIDMALD
RNS Number : 2170N
Aldermore Group PLC
21 October 2016
Aldermore Group PLC
21 October 2016
NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OR ITS
TERRITORIES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS
OR OTHERWISE THAN TO PERSONS TO WHOM IT CAN LAWFULLY BE
DISTRIBUTED
OFFERING OF GBP60 MILLION CALLABLE DATED SUBORDINATED NOTES
Aldermore Group PLC ("Aldermore") announces the final terms of
its offering of GBP60 million of Callable Dated Subordinated Notes
(the "Notes").
The Notes will have a coupon of 8.50 per cent. per annum,
payable semi-annually in arrear (subject to reset in accordance
with their terms). The Notes will be issued at 100 per cent. of
their principal amount and, unless previously redeemed or purchased
and cancelled will be redeemed at 100 per cent. of their principal
amount, together with any accrued and unpaid interest, on their
maturity date of 28 October 2026.
Settlement is expected to take place on or about 28 October
2016.
The Royal Bank of Scotland plc is acting as the Structuring
Advisor, Sole Bookrunner and Sole Manager for the offering.
Aldermore intends to use the proceeds of the Notes to support
its planned business growth, strengthen its capital position, and
to further optimise the Group's capital structure and increase its
capital planning flexibility.
Phillip Monks, Chief Executive of Aldermore said:
"I am delighted with the response to the Tier 2 bond issue,
which demonstrates confidence in the Group, its balance sheet
strength and prospects for future growth. The bond issue will bring
further diversification to the Group's sources of funding and
enhance the capital position."
For further information, please contact:
Investor Relations
Aldermore Group PLC
50 St Mary Axe
London
EC3A 8FR
Telephone: 0207 788 6699
IMPORTANT NOTICE
This announcement does not constitute or form part of an offer
to sell or the solicitation of an offer to subscribe for or
otherwise acquire any securities in the United States or in any
other jurisdiction. This announcement is not for distribution,
directly or indirectly in or into the United States (as defined in
Regulation S under the US Securities Act of 1933, as amended (the
"Securities Act")). The securities referred to herein have not been
and will not be registered under the Securities Act and may not be
offered or sold within the United States or to, or for the account
or benefit of, U.S. persons except pursuant to an exemption from,
or in a transaction not subject to, the registration requirements
of the Securities Act.
This communication is directed only at (i) persons who are
outside the United Kingdom, or (ii) persons who are in the United
Kingdom who are (a) persons who have professional experience in
matters relating to investments falling within Article 19(5) of The
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 or (b) otherwise, persons to whom it may otherwise lawfully be
directed (all such persons together being referred to as "relevant
persons"). This communication is directed only at relevant persons
and must not be read, acted on or relied on by persons who are not
relevant persons. Any investment or investment activity to which
this communication relates is available only to relevant persons
and will be engaged in only with relevant persons.
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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