Co-operative Bank Holdings Ltd (COOPBK)

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Co-operative Bank Holdings Ltd (COOPBK)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
HYC	FNCL	PRCD	COOPBK	Co-operative Bank Holdings Ltd	£200		1	EMEA	Nov 14, 2023

Tranche #1Co-operative Bank Holdings Ltd

currency

GBP

size (m)

200.000

maturity

May 22, 2034

type

Fixed

tenor

10.500

call

registration

Reg S Only

benchmark

ranking

Subordinated

moody's

Ba3

s&p

fitch

re-open/tap

ipt

12.00-12.125%

ipt-pxd

guidance

spread

767.1

coupon

11.75%

spread set

price

100.00000

yield

11.75%

book size (m)

570

peak book (m)

x-covered

2.85

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

570

peak book (m)

x-covered

2.85

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

10.5 yr: Book size: 570; First Pay: 2024-05-22; Redemption: 2028-11-22; Registration: Reg S Only; Comments: GBP200m 10.5NC5.5 fxd-fxd Tier 2 green RegS. Ba3, ISS ESG 2PO. DB/MS/NatWest(struc/B&D). IPTs 12%-12.125%, launch 11.75%. Final books 570m+ (incl 30m JLM). UKT 0.5% 01/29+767.1. FTT 5pm. With tender for £200m 9.5% 4/29s. Tax Call: Yes. Reset Date: 2029-05-22. Cleanup Call: 75%. Regulatory Call: Yes. LEI: 213800MY2BSP459O8A22;

Deal Comments

Green Tier 2 Notes

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