Co-op nears necessary support for bond swap, restructuring

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Co-op nears necessary support for bond swap, restructuring

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File photo dated 13/02/17 of a Co-operative Bank sign in London. The Co-operative Bank, which was put up for sale in February, has said that it is in advanced discussions with existing investors over a rescue package. | Kirsty O'Connor/PA Wire/PA Images

Owners of 75% of each of the Co-operative bank’s two tier two bonds must support the restructuring plan, a figure it has not yet reached for the 2023 note.

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