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Virgin Money UK calls two series of senior notes due 2025
By Marisa Wong
Los Angeles, April 25 – Virgin Money UK plc issued a notice of redemption for its £300 million 3 1/8% fixed-to-floating rate callable senior notes due 2025 (ISIN: XS1637124741) and a notice of redemption for its €500 million 2 7/8% fixed-rate reset callable senior notes due 2025 (ISIN: XS2126084750), according to Thursday news releases.
The sterling-denominated notes will be redeemed on June 22 at par plus accrued interest. The euro-denominated notes will be redeemed on June 24 at par plus accrued interest.
The issuer noted that the redemptions follow its issuance of €750 million 4% fixed-rate reset callable senior notes due 2028 in March.
Both series of 2025 notes were issued under the £10 billion global medium-term note program of Virgin Money UK and Clydesdale Bank plc.
The financial services company is based in Newcastle, U.K.
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