Metro Bank PLC Metro Bank Updates on MREL Transaction (5335O)
October 02 2019 - 6:55AM
UK Regulatory
TIDMMTRO
RNS Number : 5335O
Metro Bank PLC
02 October 2019
METRO BANK PLC
Legal Entity Identifier: 213800X5WU57YL9GPK89
Metro Bank Updates on MREL Transaction
2 October 2019
Metro Bank launched a GBP300 million 6nc5 RegS Registered senior
non-preferred transaction at a price of 9.500% earlier today. The
transaction will include an option for Metro Bank PLC to substitute
the Issuer upon the occurrence of a Newco Scheme, as described in
the Base Prospectus dated 17 September 2019 and as supplemented on
2 October 2019.
Books are now in excess of GBP475 million. Metro Bank will issue
a further announcement when the transaction has been completed,
later today.
ENDS
About Metro Bank
Metro Bank is the revolution in British banking. It is
celebrated for its exceptional customer experience and achieved the
top spot in the Competition and Market Authority's Service Quality
Survey among personal current account holders for its overall
service and came second among business current account holders in
August 2019. It was also awarded 'Best All Round Personal Finance
Provider' at the Moneynet Personal Finance Awards 2019. It is also
recognised by Glassdoor in its 'Best Place to Work UK 2019' top 50
list.
Offering retail, business, commercial and private banking
services, it prides itself on using technology to give customers
the choice to bank however, whenever and wherever they choose.
Whether that's through its growing network of stores open seven
days a week, from early in the morning to late at night, 362 days a
year; on the phone through its UK-based 24/7 contact centres manned
by people not machines; or online through its internet banking or
award-winning mobile app: the bank offers customers real
choice.
The bank employs over 3,900 colleagues and is headquartered in
Holborn, London.
Metro Bank PLC. Registered in England and Wales. Company number:
6419578. Registered office: One Southampton Row, London, WC1B 5HA.
'Metrobank' is the registered trade mark of Metro Bank PLC.
It is authorised by the Prudential Regulation Authority and
regulated by the Financial Conduct Authority and Prudential
Regulation Authority. Most relevant deposits are protected by the
Financial Services Compensation Scheme. For further information
about the Scheme refer to the FSCS website www.fscs.org.uk.
All Metro Bank products are subject to status and approval.
Metro Bank PLC is an independent UK bank - it is not affiliated
with any other bank or organisation (including the METRO newspaper
or its publishers) anywhere in the world. Please refer to Metro
Bank using the full name.
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END
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