Published on 11/25/2020 in the Prospect News High Yield Daily.
New Issue: Permanent TSB prices €125 million fixed-rate reset perpetuals at par
By Marisa Wong
Los Angeles, Nov. 25 – Permanent TSB Group Holdings plc priced €125 million of fixed-rate reset additional tier 1 perpetual contingent temporary write-down securities (B1) at par, according to a notice.
Morgan Stanley & Co. International plc, Goldman Sachs International, J&E Davy and NatWest Markets plc are managers for the Regulation S deal.
Formerly Irish Life and Permanent plc, Permanent TSB is a personal financial services company based in Dublin.
| Issuer: | Permanent TSB Group Holdings plc
|
| Issue: | Fixed-rate reset additional tier 1 perpetual contingent temporary write-down securities
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| Amount: | €125 million
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| Maturity: | Perpetual
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| Managers: | Morgan Stanley & Co. International plc, Goldman Sachs International, J&E Davy and NatWest Markets plc
|
| Price: | Par
|
| Announcement date: | Nov. 25
|
| Rating: | Moody’s: B1
|
| Distribution: | Regulation S
|
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