One & One Green Technologies stock soars 100% after IPO debut
LONDON - Vanquis Banking Group PLC announced on Monday the publication of an offering circular for £60 million in perpetual subordinated contingent convertible notes. The securities will carry a 10.875 percent fixed rate reset, according to a company statement.
The notes are perpetual subordinated instruments with no fixed maturity date. They are being offered outside the United States, as they have not been registered under the U.S. Securities Act of 1933 and cannot be sold to U.S. persons or within the United States without registration.
The offering circular specifies that the securities are targeted at residents of particular countries only, as detailed in the full document. Potential investors must verify their eligibility before accessing the offering information.
The announcement was made through the Regulatory News Service (RNS) of the London Stock Exchange. The complete offering circular dated September 29, 2025, is available through the London Stock Exchange’s information service.
Vanquis Banking Group noted that there will be no public offering of these securities in the United States, and the distribution of the offering circular is subject to various jurisdictional restrictions.
The company did not disclose the intended use of the proceeds from this offering in its announcement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.