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REFILE-UK's OneSavings Bank valued at $692 million in London IPO
June 5, 2014 / 6:10 AM / 3 years ago

REFILE-UK's OneSavings Bank valued at $692 million in London IPO

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LONDON, June 5 (Reuters) - British lender OneSavings Bank has set the offer price for its London initial public offering at 170 pence a share, valuing it at 413 million pounds ($692 million), the business said on Thursday.

The statement confirmed a Reuters report on Wednesday that the lender would price at the bottom of its price range of 170-225 pence a share. The listing will raise gross proceeds of 134 million pounds, OneSavings said, of which the lender will receive 41.5 million pounds. ($1 = 0.5969 British Pounds) (Reporting By Freya Berry)

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