OSB Group PLC (GB:OSB) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
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.
