Permanent Interest Bearing Shares (PIBS)
Permanent Interest Bearing Shares (PIBS) are securities previously issued by building societies, normally at fixed interest rates, which are quoted on the stock market. Sometimes, a building society will issue a floating rate PIBS, this is where the interest rate changes to match other rates of interest. For more information surrounding PIBS, please visit the Building Society Association website.
Manchester Building Society merged with Newcastle Building Society in 2023
Together we’re creating a future that’s as vibrant, diverse, and full of potential as the place we call home. Mutually inclusive, made by our members - a mosaic of Mancunians. Please continue to the Investor Relations page on Newcastle.co.uk for information on PIBS issued by Manchester Building Society.