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Metro Bank 13.875% Perp Bond
LATEST BOND PRICE
GBP
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Bond Description
Current Coupon
13.875%
Maturity Date
26/03/2049
Credit Risk
High
Currency
GBP
Seniority
Jr Subordinated
Coupon Type
Fixed-Fixed (Margin-over Index)
Country
GBR
Industry Type
Banks (AT1)
Callable
Yes
Perpetual
Yes
Guarantor
None
Bond RatingsB+
Issuer Rating1
B+
Last Rating Action
Upgrade on 2024-11-20
Issuer Rating Watch/Outlook
Rating Outlook Positive
Issue Rating2
CCC+
Last Rating Action
New Rating on 2025-03-25
Issuer Rating Action History
28/11/2023
B
Affirmed
Rating Outlook Positive
12/10/2023
B
Rating Watch Revision
Rating Watch Evolving
04/10/2023
B
Rating Watch On
Rating Watch Negative
Yield Analysis
Yield3
Not Applicable
Yield to Call
11.28
Z Spread (bps)
740.3
Duration
3.4
Next Coupon Date
26/09/2025
Accrued Interest
3.393
Next Call Date
26/03/2030
Next Call Price
100
Liquidity
Illiquid
Next Reset Date
26/09/2030
Reset Index (Current Level)
4.070%
Spread
957.2bp
Reset Index
GUKG5 (UK Gilts 5Y)
Bond Additional Information
ISIN Code
XS3013012607
Registration Type
Regulation S
Amount Issued
250,000,000
Amount Outstanding
250,000,000
Issue Date
26/03/2025
Issue Price
100
Coupon Frequency
2
Day Count
ACT/ACT
Redemption Value
100
Min. Denomination
200,000
Footnotes:
1 Issuer rating is the Long-Term Issuer Default Rating (IDR). Ratings data provided by Fitch Ratings.
2 Issue rating is the Long-Term Issue Rating. Ratings data provided by Fitch Ratings.
3 Yield displays YTM. Exceptions are perpetuals, which will display "Not Applicable", and fix-to-float bonds, which will assume constant rate of coupon projection.
Last traded data sourced from BondCliQ.