National Westminster have issued a tender offer for NWDB at 175 pence plus accrued interest. The offer is open until June 22nd.
The current market price was already very close to the offer price. I have a significant holding but I am inclined to reject offer as the current 5.25 % is very useful, with not a great deal of alternatives around since the recent market rally. I am aware that the threat of inflation and the possible rise in interest rates to counter this would affect the share price. My concern is what are the risks for “hold outs” from Nat West ? Any thoughts would be appreciated
Got a credit card? use our Credit Card & Finance Calculators
Thanks to gvonge,Shelford,GrahamPlatt,gpadsa,Steffers0, for Donating to support the site
NWDB 9% Prefs Tender Offer
-
- Lemon Slice
- Posts: 913
- Joined: November 6th, 2016, 2:15 pm
- Has thanked: 143 times
- Been thanked: 336 times
Re: NWDB 9% Prefs Tender Offer
Can I direct you to:
viewtopic.php?f=52&t=11253&start=460
Posts from June 8th (page 24 on my screen but not sure if that works the same for everyone).
viewtopic.php?f=52&t=11253&start=460
Posts from June 8th (page 24 on my screen but not sure if that works the same for everyone).
-
- Lemon Half
- Posts: 7158
- Joined: November 4th, 2016, 3:26 pm
- Has thanked: 461 times
- Been thanked: 1795 times
Re: NWDB 9% Prefs Tender Offer
Romarin99 wrote:National Westminster have issued a tender offer for NWDB at 175 pence plus accrued interest. The offer is open until June 22nd.
The current market price was already very close to the offer price. I have a significant holding but I am inclined to reject offer as the current 5.25 % is very useful, with not a great deal of alternatives around since the recent market rally. I am aware that the threat of inflation and the possible rise in interest rates to counter this would affect the share price. My concern is what are the risks for “hold outs” from Nat West ? Any thoughts would be appreciated
The tender offer came out on the 7th June
https://investegate.co.uk/nat.westminster-bk--natn-/rns/tender-offer/202106071556180760B/
and the price then jumped at that point from a little under 170p.
https://www.hl.co.uk/shares/shares-search-results/n/natwest-bank-9-series-a-non-cm-pf-gbp-1
-
- Lemon Slice
- Posts: 913
- Joined: November 6th, 2016, 2:15 pm
- Has thanked: 143 times
- Been thanked: 336 times
Re: NWDB 9% Prefs Tender Offer
And the final results are:-
https://www.londonstockexchange.com/new ... r/15035739
I guess we don't know what the split is between institutional and no-institutional holdings but looks like it could even be a lower take up by private holders.
Maybe Natwest need to do their sums again if they really want to scoop up all or a meningful number of these (I speak only about the 9% version as those I hold and am interested in).
https://www.londonstockexchange.com/new ... r/15035739
I guess we don't know what the split is between institutional and no-institutional holdings but looks like it could even be a lower take up by private holders.
Maybe Natwest need to do their sums again if they really want to scoop up all or a meningful number of these (I speak only about the 9% version as those I hold and am interested in).
Who is online
Users browsing this forum: No registered users and 4 guests