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Bond Market News
Metro Bank’s Bonds Rally After Potential Merger Talks by Pollen Street
June 17, 2025
Metro Bank’s bonds rallied across the curve after reports said that it was approached by Pollen Street Capital about a potential takeover. Pollen Street was believed to have been in talks for a merger earlier too. As per Bloomberg, Metro Bank has been trying to improve its profitability after it organized a debt resturcturing in late-2023. The bank has since, tried to cut costs via layoffs and by reducing its portfolio.
The lender’s shares rallied by nearly 16% after the update, to trade at £130/share. Its GBP 13.875% Perp rallied by 3.2 points to trade at 109.45, yielding 11.25%.
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