CO-OPERATIVE BANK PLC
This information contained in this announcement does not constitute or contain an offer or invitation to sell or the solicitation of an offer to buy nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction.
This document is an advertisement and not a prospectus for the purposes of the Prospectus Directive and as such does not constitute an offer to sell or the solicitation of an offer to purchase securities. A prospectus prepared pursuant to the Prospectus Directive has been published and can be obtained from the website of the London Stock Exchange (from the link set out in the relevant RNS announcement). Investors should not subscribe for or purchase any securities referred to in this document except on the basis of the information in the final prospectus.
Neither this announcement, the publication in which it is contained nor any copy of it may be taken, transmitted or distributed, directly or indirectly, into Australia, New Zealand, South Africa, Hong Kong, Japan, Canada, Switzerland or the United States or any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. Any failure to comply with this restriction may constitute a violation of securities laws in those jurisdictions. The distribution of this document in other jurisdictions may also be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions.
1 July 2015
Tier 2 Notes Offering
The Co-operative Bank plc (the "Bank") has today successfully closed the issue of its £250m Fixed Rate Reset Callable Subordinated Tier 2 Notes due 2025. The issue of the Notes will help the Bank to further strengthen its regulatory capital base in line with the revised plan accepted by the regulator in December 2014. The net proceeds received by the Bank will be used for general corporate purposes.
Niall Booker, Chief Executive Officer, said: "We are pleased with the reception for this transaction which was successfully executed against a challenging market backdrop. This is another key step in the implementation of the Bank's plan and helps continue to build the Bank's resilience."
Jonathan Berger, Head of Investor Relations: +44 (0) 7595 567 502
Media enquiries:
David Masters: +44 (0) 7825 427 514
Tony Langham: +44 (0) 7979 692 287
The Co-operative Bank plc provides a full range of banking products and services to almost 5 million retail and SME (Small and Medium Sized Enterprises) customers. The Bank is committed to values and ethics in line with the principles of the co-operative movement. The Co-operative Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The Co- operative Bank plc customers are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
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