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Arbuthnot Banking Group PLC - London-based merchant bank - Completes renewal of the private issue of its subordinated loan, which is classified as tier two for capital purposes. The loan was increased by £1.0 million to £26.0 million. The loan is expected to mature on June 3, 2034. Interest is payable on the loan at a rate of 7.25% plus sterling over night indexed average. Current stock price: 966.50 pence each, down 2.6% on Tuesday 12-month change: up 2.8% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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