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BRIEF-Co-operative Bank updates on cancellation of 2023 notes
September 1, 2017 / 1:54 PM / 20 days ago

BRIEF-Co-operative Bank updates on cancellation of 2023 notes

Sept 1 (Reuters) - Co-operative Bank Plc:

* NOTICE OF MANDATORY CANCELLATION OF 2023 NOTES

* ‍TERMS AND CONDITIONS OF 2023 NOTES HAVE BEEN AMENDED AND A NEW MANDATORY CANCELLATION CONDITION HAS BEEN INSERTED​

* CONSENT CONDITIONS HAVE BEEN SATISFIED AND PRA CONSENT HAS BEEN OBTAINED

* CO-OPERATIVE BANK - RETAIL CASH CONSIDERATION TO BE PAID TO EACH NOTEHOLDER HAS BEEN CONFIRMED AS £4.50 PER £10 IN PRINCIPAL AMOUNT OF 2023 NOTES HELD Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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