Co-op enters crunch time for MREL needs

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Senior Debt

Co-op enters crunch time for MREL needs

Tyler Davies
November 18, 2020 12:00 pm
Co-op_Bank_PA_575x375_181120
A general view of a Co-operative Bank branch in Derby. | Rui Vieira/PA

The Co-operative Bank is getting ready to sell its first senior bond for the minimum requirements for own funds and eligible liabilities (MREL), after letting investors know that it is engaged in discussions about a possible takeover.

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