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Redemption of PCF Bank Limited Notes and Interest Rate Change
Hamilton, Bermuda – 28th September 2018 – PCF Bank Limited (the “Company”) advises the voluntary pre-payment and partial redemption on 28th September 2018 of £15,000,000 of the Company’s Bermuda Stock Exchange (“BSX”) listed Issue 3, 5% Note (“Issue 3 Note”) forming part of the Company’s £83,000,000 extendible loan note programme (the “Programme”). Following the pre-payment and partial redemption, a total of £10,000,000 of the Issue 3 Note remains issued and outstanding.
The Company further advises that the interest rate applicable to all Notes issued and to be issued pursuant to the Programme will be amended to 4.3% with effect from 1st October 2018.
For further information, please contact:
Tel: +44 (0) 20 7222 2426
Scott Maybury, Chief Executive Officer, Private & Commercial Finance Group plc