Co-Operative Bank Finance PLC (COOPB)

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Co-Operative Bank Finance PLC (COOPB)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
HYC	FNCL	PRCD	COOPB	Co-Operative Bank Finance PLC	£200		1	EMEA	May 17, 2023

Tranche #1Co-Operative Bank Finance PLC

currency

GBP

size (m)

200.000

maturity

May 24, 2028

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Ba3

s&p

fitch

re-open/tap

ipt

9.75% a

ipt-pxd

guidance

9.50-9.625%

spread

550.7

coupon

9.50%

spread set

price

100.00000

yield

9.726%

book size (m)

330

peak book (m)

x-covered

1.65

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

330

peak book (m)

x-covered

1.65

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 330; First Pay: 2023-11-24; Redemption: 2027-05-24; Registration: Reg S Only; Comments: GBP200m 5NC4 holdco snr unsec MREL qualifying green RegS. Ba3. DB/GS(B&D)/NatWest(struc). IPTs Yld 9.75% area, guidance 9.5%-9.625% wpir, launch 9.5% for 200m. Final books 330m+ good at reoffer (peak 375m+). UKT 4.125% 01/29/27 +550.7bp mid: 100.444 / 3.993. Tax Call: Yes. Reset Date: 2027-05-24. Cleanup Call: 75%. Regulatory Call: Yes (Loss Absorption Disqualification Event & MREL);

Deal Comments

Green Holdco Bond

Use of Proceeds

Refinancing of Eligible Green Assets

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