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Ulster Bank adjourns, reschedules Libor transition meeting
Chicago, July 8 – Ulster Bank Ireland DAC has rescheduled its bondholder meeting for its £5 million floating-rate subordinated bonds (ISIN: IE0004325282) to 5 a.m. ET on July 28, according to a notice.
The bank is working to transition the interest rate benchmark to Sonia from Libor and had to adjourn the bondholder meeting scheduled on July 7 for lack of a quorum.
The rate would change on the interest payment date in March 2022.
The registrar is Computershare Investor Services (Ireland) Ltd. (+353 1447 5468, !IECSDBNCorporateActions@computershare.com.au).
The issuer is a Dublin-based bank.
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