Paragon Banking Group PLC ( (GB:PAG) ) just unveiled an update.
Paragon Banking Group PLC has successfully launched its inaugural covered bond under its £5 billion programme, raising £500 million with significant demand from investors, including bank treasuries, building societies, and asset managers. This achievement underscores investor confidence in Paragon’s franchise and the quality of its buy-to-let mortgage offerings, potentially strengthening its market position and stakeholder relations.
More about Paragon Banking Group PLC
Paragon Banking Group PLC operates in the financial services industry, primarily focusing on banking services. Its subsidiary, Paragon Bank PLC, offers a range of financial products, including buy-to-let mortgages, and is involved in a £5 billion Covered Bond Programme.
YTD Price Performance: -0.43%
Average Trading Volume: 504,271
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.41B
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