OSB Group PLC (GB:OSB) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
OSB Group PLC has announced a securitisation of approximately £1.25 billion in Buy-to-Let mortgages through its subsidiary Charter Court Financial Services Limited. This move is aimed at enhancing the Group’s balance sheet by removing these mortgages and boosting its CET1 ratio by 0.6 percentage points. The funds from this transaction will be used to repay the Bank of England’s Term Funding Scheme for SMEs.
For further insights into GB:OSB stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Deutsche Bank Weighs in on Robinhood Stock Amid Soaring Trading Volumes
- Paramount Global (NASDAQ:PARA) Deal May Face Risks from Trump Administration
- Ford’s (NYSE:F) Electric Vehicle Motor Production Begins
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
