Clifford Chance advises OSB Group on £150 million AT1 issuance and concurrent tender offer

"Clifford Chance advised OSB Group plc on the successful issuance of £150 million fixed rate reset perpetual subordinated contingent convertible securities (Additional Tier 1) and a concurrent tender offer for existing AT1 securities, strengthening OSB Group's capital base and reflecting its resilient performance."

Clifford Chance advised OSB Group plc on the transaction. The transaction comprised the successful issuance by OSB Group plc of £150 million fixed rate reset perpetual subordinated contingent convertible securities (Additional Tier 1). A concurrent tender offer was also conducted for the group's existing AT1 securities. The deal bolsters the OSB Group's capital base and, more broadly, reflects the resilient performance of the OSB Group. Clifford Chance represented OSB Group plc with a team composed by: partner Matteo Sbraga, senior associate Gopal Bains and trainee Vivian Lee.

Clifford Chance advises OSB Group on £150 million AT1 issuance and concurrent tender offer

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