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Arbuthnot Banking Group PLC - London-based merchant bank - Agrees to renew the private issue of its subordinated loan to Proventus Capital Partners, a Swedish debt fund. Arbuthnot said it is increasing the loan, issued in June 2019, by £1 million to £26.0 million before fees and expenses. The loan is expected to be drawn June 3, 2024 and to mature June 3, 2034. Interest on the loan will be payable at a rate of 7.25% plus sterling overnight index average. It is expected that this loan will be classified as tier two for capital purposes. Current stock price: Last traded at 1,005.00 pence each in London on Monday 12-month change: up 17% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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