At the start of October, share prices for Metro Bank plummeted after reports that the lender was preparing to raise up to £600 million in capital to help boost its balance and continue achieving its business goals.
To do this, Metro Bank considered various debt and equity solutions including selling shares, bonds and some assets such as a portion of its mortgage book.
Less than two weeks after the share drop, Metro Bank announced they had secured a package of £925million. That number includes a £325 million capital raise from new and existing investors and £600 million from debt refinancing. Spaldy investments Limited, owned by Colombian