Societies could opt for debt swap to boost cash

Jones, Lee
June 2009
Money Marketing;6/18/2009, p2
The article discusses the plan of building societies to convert debt into profit to boost capital in Great Britain. It states that West Bromwich Building Society intends to convert £182.5 million of subordinated debt into profit participating deferred shares. However, a spokesman for Chelsea said that everyone is eyeing the scheme, but their company is adequately capitalised. Linda Will of Stroud & Swindon admitted that the scheme does not seem like a terrible attractive investment.


Related Articles

  • Debt swap lifeline for West Brom. Jones, Lee // Money Marketing;6/18/2009, p9 

    The article focuses on the move of the West Bromwich Building Society to swap £182.5 million of subordinated debt for profit-participating deferred shares (PPDS) in Great Britain. It states that holders of the new shares now own 25 per cent of the society, raising tier-1 capital ratios....

  • S&S online arm to offer wide range. Halt, Natalie // Mortgage Strategy;8/11/2008, p5 

    The article offers information on the online lending division of Stroud & Swindon (S&S) in Great Britain. The lending division offers prime, buy-to-let and self-cert products. The division will be branded separately from S&S. Linda Will, sales and marketing director of S&S, also reveals that the...

  • Call for more network input on product design. Jones, Lee // Money Marketing;6/4/2009, p13 

    The article reports on the call of Linda Will, sales and marketing director at Stroud & Swindon, for lenders to launch innovative products in Great Britain. Will discusses the 20-year fixed-rate deal at 4.99 percent launched by Mortgage Intelligence with the company's ITL Mortgages helped...

  • Stroud keeps advisers in the mortgage loop. Jones, Lee // Money Marketing;10/9/2008, p27 

    The article reports on the new online intermediary lender of Stroud & Swindon called ITL Mortgages in Great Britain. The company has launched only an online intermediary due to the effect of economic crisis. Linda Will, chief executive of ITL Mortgages, said that creating an online transaction...

  • 60 SECONDS WITH..... Hall, Robyn // Mortgage Strategy;8/31/2009, p31 

    An interview with Stroud & Swindon Building Society sales and marketing director Linda Will is presented. Will notes that managing a building society is difficult just as the other type of bank or financial institution. She points out that people are not paying process frees abd earning income...

  • Stroud & Swindon aims to offer credit-repair loans within a year. Jones, Lee // Money Marketing;8/14/2008, p48 

    The article reports that Stroud & Swindon Building Society aims to offer a credit-repair mortgages in 12 months as it reveals its online intermediary arm. The company already reveals that it will be launching its broker arm as an online-only operation only in October 2008. According to sales and...

  • Stroud & Swindon's Will has prime motivation. Powley, Tanya // Money Marketing;7/24/2008, p3 

    The article focuses on Linda Will who is the sales and marketing director at Stroud & Swindon Building Society in Great Britain. Will has planned to widen the scope of the society's postponed intermediary subsidiary through offering prime mortgages as well as specialists products. She said that...

  • Stroud & Swindon niche deals may go to small clubs. Jones, Lee // Money Marketing;9/4/2008, p5 

    The article reports on the plan of Stroud & Swindon Building Society to focus its niche product exclusives on small clubs and networks in Great Britain. The company's sales and marketing director Linda Will has revealed the development of its distribution relationship in preparation for the...

  • Linda Will. York, Nicola // Money Marketing;12/4/2008, p29 

    The article focuses on the views of Linda Will, sales and marketing director at Stroud and Swindon, on the issues affecting the financial services industry. Will relates the launching of online intermediary arm In The Loop Mortgages, which provides prime mortgages in the midst of the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics