Hogan Lovells advises Metro Bank on the issuance of its inaugural £250 million Additional Tier 1 securities

Press releases | 25 March 2025

London, 25 March 2025 – Global law firm Hogan Lovells has advised Metro Bank on the issuance of its inaugural £250 million 13.875 per cent. fixed rate reset perpetual subordinated contingent convertible capital securities (the "Capital Securities").

The issue of the Capital Securities is in line with Metro Bank's capital management framework and strategy and is aimed at optimising capital structure and providing further flexibility for growth.

For more details on the issuance, click here.

The cross-practice Hogan Lovells team was led by London corporate finance (and client relationship) partner Dan Simons, Francesca Parker (senior associate, M&A) and Andrew Carey (senior counsel, Debt Capital Markets), with support from client relationship partner James Black (Financial Services), Alex Parkhouse (partner, US Securities & Capital Markets), Charles Elliott (counsel, Financial Services), George Kiladze (senior associate, Debt Capital Markets), Wilson Pek (associate, M&A), Dhruv Savara (associate, Debt Capital Markets), Emily Louise (associate, M&A), Hannah Dingemans (associate, M&A) and Nikita Rajkumar (trainee solicitor, M&A).

Additional support was provided by Julian Craughan (partner, Head of Capital Markets – International), Philip Harle (partner, Tax), Adela Komorowska (senior associate, Tax) and Tanya Nyakudya (trainee solicitor, Tax).