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The Co-operative Bank  (UK)

1872

Private Limited Company

Status: Performing

All payments are on time


Coupon

9.5%

Current Yield

9.4%

*
Estimated Yield to Maturity

9.4%

**
Maturity Date

25 Apr 2029

Next Interest Payment

25 Oct 2019

Interest Payment Frequency

6 months

Asset Security

Unsecured

Industry

Banks & Financials

Amount

£200,000,000

ISIN

XS1986325972

Ratings

Moody's  Caa3

Call Schedule

25 Apr 2024 at 100


Business Description

The Co-operative Bank is a British retail and commercial bank, headquartered in Manchester. It's main products include mortgages, loans, retail banking, credit cards and project finance. The co-op is Britain's seventh largest lender.

The bank markets itself as an ethical bank, and seeks to avoid investing in companies involved in certain elements of the arms trade, fossil fuel extraction, genetic engineering, animal testing and use of sweatshop labour as stated in its ethical policy.

Capital at risk. No FSCS cover. See Risk Statement.

 

Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are investing in a Participation Note, or “Note”, which corresponds and is backed by a specific bond investment made through the WiseAlpha platform reflecting the key economic terms of the investment.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK.
WiseAlpha Technologies Limited is a company registered in England, with its registered office at Level 39, One Canada Square, Canary Wharf, London E14 5AB (Company No. 08967521).
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