June 29, 2017 / 4:44 PM / 6 months ago

BRIEF-Co-op Bank clarifies some details of capital raising plan

June 29 (Reuters) - Co-operative Bank Plc:

* Capital raising plan

* ‍As announced on June 28, record date for determining who is a retail noteholder is June 27

* ‍existing qualifying shareholders of bank will be eligible to subscribe for up to 12.5 mln stg of 250 mln stg equity capital raise​

* ‍Existing qualifying shareholders will not be able to enter into backstop arrangements​

* Interest due to be paid on bank’s 250 mln stg 8.5 pct fixed rate notes due July 2025 on July 1 will be paid when due with terms of 2025 notes​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below