Starling achieves record pricing for debut bond as international investors oversubscribe sale
Summary
Starling completed its debut £150m Tier 2 bond sale at record pricing, with investor demand more than 2.5 times the amount on offer. The company said it will use the proceeds for general corporate purposes and to support growth initiatives. Management specifically highlighted further investment in Engine by Starling, its SaaS business, and potential M&A activity. The bond issue also strengthens Starling’s capital base and supports plans to explore a banking licence in another geography.
Funding
Amount
$189.0M
Total raised
Date
June 11, 2026
Announcement date
Investors
Morgan Stanley Principal Investments, Moody's
Lead investors
Company
starlingbank.com
Funded company
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