Metro Bank gets support from over 75% of bondholders for debt refinancing

(Reuters) – British lender Metro Bank on Wednesday confirmed the support of the required number of bondholders to approve its debt refinancing plans.

The bank said it received more than 75% support commitments from Tier 2 and MREL noteholders for its plans to raise 325 million pounds ($399.30 million) in capital and 600 million pounds in debt refinancing.

($1 = 0.8139 pounds)

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-Phillips)