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Virgin Money UK PLC on Wednesday said £105.8 million worth of notes have been tendered as part of a repurchase offer. Last week Tuesday, the lender offered holders to tender ‘any and all’ of their outstanding £250.0 million 9.25% fixed rate reset perpetual subordinated contingent convertible notes, for purchase in cash. Virgin Money said that £105.8 million worth of notes had been validly tendered, representing 42% of the notes outstanding. Virgin Money’s share price was up 2.0% at 150.15 pence each in London on Wednesday afternoon. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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