OSB Group receives £634.4M in tenders for its notes
UK lender OSB Group received tenders for its 2028 and 2030 notes. The expected acceptance total is £634.4M, but the issuer has not yet made its final decision.
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what happened
UK lender OSB Group said that by the November 12 deadline it had received valid tenders for £279.6 million of its 2028 notes and £354.8 million of its 2030 notes. TradingView reports this, citing a GlobeNewswire release.
The expected total acceptance amount stands at £634.4 million. That figure is non-binding and depends on the issuer deciding whether to accept the offers, so the final size of the buyback is not yet set.
why it matters
This is a liability-management operation that is still in progress. The tender period has closed, but final pricing and acceptance remain pending, with pricing expected on November 13 and settlement on November 16. The key next step is the company's announcement of accepted amounts, prices and notes still outstanding.
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sources
- OSB GROUP PLC (OSB) Receives £634.4M in Note Tenders — TradingView, 13 November 2026 at 09:37 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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