Co-op joins tier two rush with LM
Co-operative Bank has joined the rush for new tier two capital instruments this week — but through a liability management exercise. It is offering to switch £300m of outstanding securities into a new bullet tier two.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts