04:00 AM EST, 11/05/2026 (MT Newswires) -- OSB Group (OSB.L) launched tender offers for its 300 million-pound-sterling fixed-rate resetting notes due Sept. 7, 2028, and its 400 million-pound fixed-rate resetting notes due Jan. 16, 2030. The lending and retail savings group will purchase a total principal amount of up to 500 million pounds of the notes in cash and cancel them, according to a Thursday filing. The tenders will expire on Nov. 12, with pricing scheduled for Nov. 13 and settlement expected on Nov. 16. The offers follow the Bank of England's change of the preferred resolution strategy for the group to transfer, with the notes no longer required to meet its current minimum requirement for own funds and eligible liabilities.

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