Allen & Overy (A&O) has taken the headline advisory role on the Co-operative Group's £1.5bn debt restructuring rescue deal for its banking arm, ahead of a listing on the London Stock Exchange. The group today (17 June) announced a plan for its bondholders to help recapitalise The Co-op Bank, putting forward a deal which will see the group's junior securities holders offered shares in the bank.
June 17, 2013 at 07:02 AM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy (A&O) has taken the headline advisory role on the Co-operative Group’s £1.5bn debt restructuring deal for its banking arm, ahead of a listing on the London Stock Exchange.
The group today (17 June) announced a plan for its bondholders to help recapitalise The Co-op Bank, putting forward a deal which will see the group’s junior securities holders offered shares in the bank.
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