Natwest NATW redeemed
Posted: January 3rd, 2023, 1:36 pm
From my HL
National Westminster - Redemption
Your holding of 9,000 notes within your Stocks & Shares ISA
What is happening?
National Westminster have given notice that it will exercise its option to redeem the company’s notes and return cash to note holders early. As a holder of 9,000 notes in your Stocks & Shares ISA, you will be affected by the redemption.
The company will redeem all outstanding notes at an option amount yet to be determined with interest accrued up to but excluding the redemption date on 19 January 2023. The option amount will be determined on 12 January 2023.
Based on indicative prices for the Benchmark Gilt determined as at 10.00 a.m. London time on 12 December 2022, the option amount would have been 244.6 per cent of the nominal amount of the notes. Please note that the indicative price specified is for guidance only and the option amount will be announced on 12 January 2023 via the London Stock Exchange. (Source – Redemption Notice, December 2022)
National Westminster - Redemption
Your holding of 9,000 notes within your Stocks & Shares ISA
What is happening?
National Westminster have given notice that it will exercise its option to redeem the company’s notes and return cash to note holders early. As a holder of 9,000 notes in your Stocks & Shares ISA, you will be affected by the redemption.
The company will redeem all outstanding notes at an option amount yet to be determined with interest accrued up to but excluding the redemption date on 19 January 2023. The option amount will be determined on 12 January 2023.
Based on indicative prices for the Benchmark Gilt determined as at 10.00 a.m. London time on 12 December 2022, the option amount would have been 244.6 per cent of the nominal amount of the notes. Please note that the indicative price specified is for guidance only and the option amount will be announced on 12 January 2023 via the London Stock Exchange. (Source – Redemption Notice, December 2022)