Co-Op Bank 5.125% Sep 2017 Senior Bond - 77UQ

Interested in anyone's views on this. Recently picked up one lot @ sub 96p.
OK, Co-Op went through the mill last year but this is a senior bond with only 2 years 6 month to run and the YTM of almost 7% surely puts Provident, IPF and other current new issues in the shade.
Interest rates are going to go up eventually and not sure I want to tie into 7 or 8 year bonds at yields currently being offered.

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