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The latest update is out from Shawbrook Group Plc ( (GB:SHAW) ).
Shawbrook Group has priced a £250 million Fixed Rate Reset Perpetual Additional Tier 1 write-down capital securities issuance, alongside an invitation for holders of its existing £124 million AT1 notes to tender them for purchase. The new securities, carrying an initial coupon of 8.375% and a reset spread of 380.4 basis points over Gilts, are expected to be issued in early May and listed on the London Stock Exchange’s International Securities Market, with a call window from May to November 2031 subject to conditions.
Management said the benchmark AT1 transaction, which saw an order book peak above £1 billion, strengthens Shawbrook’s capital flexibility and supports its ongoing growth strategy. The deal underscores the bank’s active management of its capital structure using a range of funding instruments, signalling strong investor confidence and an efficient approach to regulatory capital optimisation.
The most recent analyst rating on (GB:SHAW) stock is a Buy with a £5.20 price target. To see the full list of analyst forecasts on Shawbrook Group Plc stock, see the GB:SHAW Stock Forecast page.
More about Shawbrook Group Plc
Shawbrook Group plc is a UK bank that provides specialist lending and savings products to consumers, small and medium-sized enterprises, and professional real estate investors. The FTSE 250-listed lender operates a technology-enabled, scalable platform with disciplined credit underwriting and serves about 600,000 customers through a portfolio of brands.
Average Trading Volume: 617,565
Technical Sentiment Signal: Strong Sell
Current Market Cap: £850.4M
For detailed information about SHAW stock, go to TipRanks’ Stock Analysis page.