Co-operative Bank Pulls 2029 Tier 2 Notes From London Stock Exchange Trading

The Co-operative Bank Holdings P.L.C. has cancelled its Fixed Rate Reset Callable Subordinated Tier 2 Notes due 25/04/2029 from trading on the London Stock Exchange, effective immediately, according to Investegate. The bank requested the cancellation, which applies to notes with ISIN XS1986325972.

Co-operative Bank's Tier 2 Notes Cancellation

The cancelled securities are the bank's Fixed Rate Reset Callable Subordinated Tier 2 Notes due 25/04/2029, fully paid. The notes are registered in denominations of GBP100,000 each and integral multiples of GBP1,000 in excess thereof. The cancellation took effect from the time and date of the notice, published on October 22, 2026.

The notice was issued at the request of the company, which is identified in the filing by the legal entity identifier 213800MY2BSP459O8A22. The securities appear under the short code BJL3CH1 alongside the ISIN. The cancellation removes the notes from admission to trading on the London Stock Exchange.

Co-operative Bank's Coventry Ownership

Co-Operative Bank operates as a subsidiary of Coventry Building Society following the January 2025 acquisition, according to akta.pro company records. Coventry Building Society completed its acquisition of The Co-operative Bank Holdings for £780 million on January 1, 2025, a deal that recorded a £584 million gain and lifted Coventry's statutory pre-tax profits from £159 million to £722 million in the first half of the financial year.

The bank was founded in 1872 and is headquartered in Manchester, serving more than 2 million personal banking customers. Its leadership includes Chief Risk Officer Gareth Jones, Chief Information Officer Gary Delooze and Chief Financial Officer Louise Britnell.

Co-operative Bank's Recent Moves

Co-operative Bank launched a switching offer worth up to £300 for new current account customers in July 2026, with £200 for the first £125 deposit and two direct debits, The Mirror reported. In August 2026, AM Best affirmed Co-operative Life Limited's Financial Strength Rating at B++ (Good) and Long-Term Issuer Credit Rating at "bbb+" (Good), with a stable outlook, Business Wire Blog reported.

In February 2026, the bank completed a major expansion at One Balloon Street in Manchester, taking an additional 15,500 sq ft on the fourth floor and bringing total occupancy to 45,000 sq ft, with a third-floor refurbishment expected in March 2026.