SVB has issued a £50m convertible bond fully underwritten by ABN AMRO Rothschild.
The bonds will be convertible into SVB ordinary shares and the conversion price of the bonds is expected to be set at a premium of between 20% and 25% to the reference price of SVB shares at the time of pricing.
The interest rate on the bonds is expected to be between 6% and 7% per annum.
