Shawbrook Group plc Announces Redemption of 6.50% Fixed Rate Notes

Shawbrook Group plc has announced its decision to redeem its outstanding 6.50% Fixed Rate Reset Callable Subordinated Notes, which are due in 2029. The company will redeem these notes on 27 September 2024, as per the terms and conditions specified.

The notes, identified by ISIN XS2058891917, will be redeemed at 100% of their principal amount. Any unpaid interest accrued up to the redemption date will also be paid. Following redemption, the notes will be cancelled, and applications will be made to remove the listing of the notes from the Frankfurt Stock Exchange's Quotation Board segment.

This move aligns with the company's ongoing efforts to manage its financial obligations efficiently and is expected to enhance shareholder value in the long run.