Co-op features in bond market resurrection ahead of Easter

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Co-op features in bond market resurrection ahead of Easter

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A general view of a Co-operative Bank branch in Derby. | Rui Vieira/PA Archive/PA Images

Co-operative Bank managed to raise £200m of tier two capital this week, in its first bond sale since coming close to failing in 2017. A healthy coupon of 9.5% helped the UK lender to find the demand it needed, even if one investor said that there was still “not much to like” about its credit profile.

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