Metro lines up after mega week in sterling

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By Tyler Davies
19 Sep 2019

It has been an explosive week in the sterling market, with foreign and domestic names raising £2.9bn of debt on the back of £13.05bn of combined demand in the space of just three days. But there are more big tests for sterling funders in near future, with a bond market comeback for the UK’s Metro Bank being chief among them.

Metro Bank has hired Bank of AmericaNatWest Markets and RBC Capital Markets to field interest in a non-preferred senior bond — its debut in the asset class.

The bank is hoping to sell a benchmark-sized deal in the sterling market, with a four year tenor and an option ...

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