SVB Holdings said its fully underwritten open offer on its bond issue had received a 22.8% take-up rate.
At 3pm yesterday, SVB said valid acceptances had been received in respect of £8.9m nominal amount of the bonds.
The remaining £30m nominal amount of bonds (77.2%) will be taken up by certain existing shareholders and other institutional investors under the placing, said the company.
Under the firm placing, a further £11m nominal amount of bonds were placed by ABN AMRO Rothschild on a firm basis with certain existing shareholders and other institutional investors.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
