Global law firm Clifford Chance has advised OSB GROUP PLC on its successful issuance of £150 million Fixed Rate Reset Perpetual Subordinated Contingent Convertible Securities (Additional Tier 1) and a concurrent tender offer for its existing AT1 securities.
This was an important transaction that bolsters the OSB Group’s capital base and more broadly reflects the resilient performance of the OSB Group.
The Clifford Chance team was led by partner Matteo Sbraga with support from senior associate Gopal Bains and trainee Vivian Lee.
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