Metro Bank PLC Metro Bank Updates on MREL Transaction (5443O)
October 02 2019 - 9:00AM
UK Regulatory
TIDMMTRO
RNS Number : 5443O
Metro Bank PLC
02 October 2019
METRO BANK PLC
Legal Entity Identifier: 213800X5WU57YL9GPK89
2 October 2019
Metro Bank Updates on MREL Transaction
Further to the update given to the market earlier today Metro
Bank announces that the size of the transaction has been set at
GBP350 million. The MREL-eligible senior non-preferred notes will
have a six year maturity callable in five years (6NC5) at a coupon
of 9.500%.
Metro Bank appreciates the strong support shown by investors in
today's transaction, resulting in an order book in excess of GBP550
million from more than 55 accounts. Allocations and pricing will
follow later today.
ENDS
The information contained within this Announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 and was authorised
for release by David Arden, Chief Financial Officer.
Enquiries
For further information on this announcement, please
contact:
Metro Bank PLC
Investor Relations
Jo Roberts
+44 (0)20 3402 8900
IR@metrobank.plc.uk
Media Relations
Charlotte Sjoberg / Tina Coates
+44 (0)7970 633255 / +44 (0)7811 246016
pressoffice@metrobank.plc.uk
Teneo
Charles Armitstead / Haya Herbert-Burns
+44 (0) 7703 330269 / +44 (0) 7342 031051
Metrobank@teneo.com
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCCKBDPBBDDOKK
(END) Dow Jones Newswires
October 02, 2019 09:00 ET (13:00 GMT)
Metro Bank (LSE:MTRO)
Historical Stock Chart
From Apr 2024 to May 2024
Metro Bank (LSE:MTRO)
Historical Stock Chart
From May 2023 to May 2024