Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Metro Bank Holdings plc > News item |
Metro Bank Holdings extends MREL adjustment for 9.139% tier 2 notes
By Mary-Katherine Stinson
Lexington, Ky., July 28 – Metro Bank Holdings plc said that the Bank of England’s Resolution Directorate has agreed to a further extension to the pre-existing adjustment for its existing £250 million of 9.139% tier 2 notes due June 26, 2028 issued by Metro Bank Plc, according to a notice.
The adjustment was first announced on Dec. 9, 2022.
It permits the notes to remain eligible to count towards the company’s minimum requirement for own funds and eligible liabilities (MREL) until the notes’ maturity date.
The recognition as tier 2 regulatory capital will amortize from the call date of June 26 over the remaining life of the instrument.
London-based Metro Bank is a retail and commercial bank.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.