Schroders offers to buy back £250m subordinated notes due 2034
Schroders Limited invites holders of its £250m 6.346% subordinated notes due 2034 to tender them for cash. Settlement is expected on 10 November 2026.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Schroders Limited has announced a tender offer inviting holders of its £250m subordinated notes, carrying a fixed rate of 6.346% and maturing in 2034, to tender any and all of them for cash. The company said the details appear in a tender offer memorandum dated 29 October 2026, as reported in its RNS announcement.
The purchase price will be set on 6 November 2026 and will be no lower than par. It is calculated from a 90 basis point spread over a UK Treasury benchmark maturing on 31 January 2029, with accrued interest paid separately. The issuer is not obliged to accept any tender and may reject offers for any reason. Settlement is expected on 10 November 2026.
why it matters
The offer follows the acquisition of the company by Pantheon, LLC, a wholly owned subsidiary of Nuveen, which completed on 1 October 2026. The company says the aim is to simplify its capital structure after the deal. If 75% or more of the original principal is purchased and cancelled, the issuer intends to consider a clean-up call at par, though no final decision has been made.
tags
instruments
sources
- REG - Schroders Limited — Launch of Tender Offer, 29 October 2026 at 08:34 UTC
- REG - South32 Limited — Daily Buy-Back Notification, 29 October 2026 at 09:28 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗