Metro Bank bags £278m at no discount as it heads toward its first annual profit

By Aidan Gregory
25 Jul 2017

Metro Bank, the UK challenger bank, completed a 9.9% capital increase on Tuesday evening, after announcing its fourth consecutive quarterly profit.

Stifel Nicolaus, Jefferies and RBC Capital Markets were bookrunners.

The block of 8m new shares was oversubscribed and priced flat to the £34.65 closing share price of Metro Bank on Tuesday, making the deal worth £277.9m. It was launched after the market close, simultaneously with the publication of interim ...

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