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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Secure Trust Bank Plc | LSE:STB | London | Ordinary Share | GB00B6TKHP66 | ORD 40P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.00 | -0.29% | 686.00 | 684.00 | 694.00 | 702.00 | 684.00 | 702.00 | 7,938 | 16:35:27 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commercial Banks, Nec | 185.5M | 24.3M | 1.2796 | 5.35 | 129.89M |
TIDMSTB
RNS Number : 9240U
Secure Trust Bank PLC
17 July 2018
PRESS RELEASE
Secure Trust Bank PLC
LEI: 213800CXIBLC2TMIGI76
17 July 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 an 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. The issue of the Notes is part of an on-going programme to diversify and expand the capital base of the Bank.
The issue of the Notes is a debut bond issue by the Bank. 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 767 employees (full-time equivalent) as at 31 December 2017. 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 31 December 2017 the Group's loans and advances to customers totalled GBP1,599 million, customer deposits totalled GBP1,483 million and the Group's total customer base was approaching one million.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
July 17, 2018 09:35 ET (13:35 GMT)
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