Metro Bank PLC announced that it has received £387.5 million in funding.
On January 19, 2014, Metro Bank PLC closed the transaction. The company announced that it has received its fourth round of funding. The transaction included participation from existing and new institutional and private investors from worldwide. The company has raised £641 million in equity funding till date. Bank of America Merrill Lynch and RBC Capital Markets acted as placement agent to the company. The share price was fixed at a 30% premium of the price per share of the previous equity transaction raised in June 2012.