TITLE

Co-op bondholders back bank's recapitalisation plans

AUTHOR(S)
Thomas, Paul
PUB. DATE
December 2013
SOURCE
Mortgage Strategy (Online Edition);12/2/2013, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the 1.5 billion British pound recapitalisation of Co-operative Bank in Great Britain as approved by 99.9 per cent of its bondholders during its voting held in November 2013 and to be approved at a bondholders' meeting on December 11 of the year.
ACCESSION #
92881918

 

Related Articles

  • Co-op investors to fight against £1.5bn rescue plan. Jackson, Gary // Mortgage Strategy (Online Edition);6/26/2013, p6 

    The article reports on the plan by bondholders of Co-operative Bank to fight for a better deal in the lender's 1.5 billion British pounds rescue plan.

  • Untitled. Dixon, Annabel // EG: Estates Gazette;11/9/2013, Issue 1345, p03 

    The article reports on the plan of the Co-Operative Bank to cut its shop portfolio by at least 15% by the end of 2014 as part of its recapitalisation plan.

  • Co-op Bank unveils details of rescue plan. Holt, Natalie // Mortgage Strategy (Online Edition);6/17/2013, p9 

    The article reports on a rescue deal signed by Co-operative Bank with its bondholders to meet its capital deficit of 1.5 billion pounds in 2013. The deal, whose conditions will be finalised during its launch in October, will give bondholders significant shares in the bank. The bank also expects...

  • Co-op Bank unveils details of rescue plan. Holt, Natalie // Money Marketing (Online Edition);6/17/2013, p20 

    The article reports that the Cooperative Bank PLC has announced the terms of a rescue deal to plug a capital shortfall on its balance sheet. Under the deal, Co-op Bank bondholders will be bailed in by exchanging their bonds for a combination of capital instruments and shares which will give them...

  • Brown Rudnick in line to represent Co-op bondholders over '£500m loss'. Freedman, Joshua // Lawyer (Online Edition);6/26/2013, p5 

    The article discusses restructuring of Co-operative Bank retail bonds. It states that Brown Rudnick LLP is advising a campaign representing up to 15,000 Co-operative Bank retail bondholders raising concerns about the lender's 1.5bn pounds restructuring. It states that London restructuring...

  • Co-op offers 'bail-in' as part of rescue deal. Holt, Natalie // Mortgage Strategy (Online Edition);6/19/2013, p12 

    The article reports on the terms of a rescue deal involving Co-operative Bank and its bondholders in Great Britain which aimed at plugging a 1.5-billion pound capital shortfall on its balance sheet. It states that bondholders may exchange their bonds for capital instruments and shares. It also...

  • Bondholders slam Co-op for keeping them in the dark over exchange offer. Thomas, Paul // Fundweb;8/30/2013, p12 

    The article reports that retail investors in the bank Co-Operative Bank PLC have criticized the bank for not revealing the full terms of the exchange offer announced 10 weeks ago. The bank expects to raise one billion pounds of the 1.5 billion pounds capital required through the offer. Mark...

  • Retail investors slam Co-op on rescue deal. Thomas, Paul // Mortgage Strategy (Online Edition);9/4/2013, p19 

    The article reports on the criticism of the Co-operative Bank by retail investors on the rescue deal issue. It mentions the attack made by an action group of Co-op bondholders for failure to disclose the full terms of the equity bond exchange. Action group coordinator Mark Taber is urging the...

  • Co-op Bank unveils details of rescue plan. Holt, Natalie // Fundweb;6/17/2013, p18 

    The article reports that the Co-operative Bank PLC has announced a rescue deal for facing the capital difference of 1.5 billion pounds in its balance sheet. According to the deal, bondholders of bank will be able to exchange their bonds with capital instruments and shares as it will provide them...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics