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Metro Bank  (UK)

2010

Public

Status: Performing

All payments are on time


Coupon Explainer

5.5%

Current Yield Explainer

6.5%

*
Yield to Maturity Explainer

7.9%

*
Maturity Date

26 Jun 2028

Next Interest Payment

26 Dec 2019

Interest Period

6 months

Asset Security

Unsecured

Industry

Banks & Financials

Amount

£200,000,000

ISIN

XS1844097987

Call Schedule

26 Jun 2023 at 100

* Current Yield and Yield to Maturity are an estimated return calculation and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Business Description

Metro Bank PLC is a retail bank operating in the United Kingdom, founded by Vernon Hill in 2010. At its launch it was the first new high street bank to launch in the United Kingdom in over 150 years. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

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” (fractions of corporate bonds). Each Note is backed by a specific bond.

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