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Published on 2/6/2012 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Principality Building Society buys back £3 million of notes due 2016

By Ashley Montgomery

Kansas City, Kan., Feb. 6 - The Principality Building Society said it repurchased £3 million of callable subordinated step-up notes due July 2016.

Following the repurchase, effective Jan. 18, the outstanding amount is £107 million.

The Cardiff, Wales-based issuer manages savings, investments, mortgages and protection for its members.


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