Virgin Money to sell £160m Additional Tier 1 bond

Fri Jul 25, 2014 3:57am EDT

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LONDON, July 25 (IFR) - Virgin Money is poised to sell a £160m Additional Tier 1 bond, according to a market source.

The transaction will be perpetual but callable after five years and will be sold via sole bookrunner Bank of America Merrill Lynch. (Reporting by Aimee Donnellan; editing by Alex Chambers)

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