IN BRIEF: Investec buys back nearly GBP142 million of bonds

Thu, 29th Feb 2024 16:26

Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Buys back GBP141.9 million of its GBP250.0 million 6.75% fixed rate notes. As at Wednesday, GBP141.9 million had been validly tendered for purchase after the offer. The bank has said this is part of its "active management of its debt profile and capital base".

Current stock price in London: 493.50 pence, up 0.7%

12-month change: down 2.1%

Current stock price in Johannesburg: ZAR120.62, up 2.0%

12-month change: up 6.6%

By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Related Shares

More News

31 May 2024 13:31

IN BRIEF: Investec executives sell GBP365,000 in shares

Investec PLC and Ltd - Sandton, Johannesburg-based financial services - Marc Kahn, global head of human resources & organisation, sells 47,480 shares ...

23 May 2024 11:13

Lender Investec raises targets after improved performance

JOHANNESBURG, May 23 (Reuters) - South African lender Investec has raised its medium-term targets, including return on equity and dividend ratio, th...

23 May 2024 10:38

Revenue, profits rise at newly-expanded Investec

(Sharecast News) - Investec reported a 5% rise in revenue in its final results on Thursday, to £2.09bn, driven by a strong performance from its c...

23 May 2024 08:12

TOP NEWS: Investec annual profit dips as interest costs take toll

(Alliance News) - Investec PLC and Ltd on Thursday reported a slight drop in annual profit as interest expense mounted, outshining increased client ac...

23 May 2024 07:08

S.African lender Investec posts 9.1% rise in full-year profit

JOHANNESBURG, May 23 (Reuters) - South African lender Investec on Thursday reported full-year profit up 9.1%, buoyed by growth in lending books and ...

Latest Share Chat