Metro mulls public and private MREL options as Fitch cuts debt rating
Fitch Ratings has downgraded Metro Bank a month after giving the UK lender its first rating. It expressed concern about Metro’s recent failure to raise debt for looming regulatory requirements, but the bank is insisting that it still has plenty of options on the table — including looking at solutions in the private market.
Metro Bank attracted a lot of attention after it had to pull its first sale of senior debt for the minimum requirements for own funds and eligibilities (MREL) last week.The UK challenger bank offered a chunky 7.5% coupon to sterling investors for a four year non-call ...
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