Metro Bank has secured some “much-needed breathing space”, says Bloomberg. After a “tumultuous week” that saw consulting group EY approach lenders to submit offers, it has “clinched” a £925m financing agreement. The deal sees some bondholders take a 40% haircut, while Colombian financier Jaime Gilinski Bacal will take
Metro comes off the rails
Oct 13, 2023
2 minutes
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