Sterling trio come through on unrelenting UK bid
In a further demonstration of the domestic bid for sterling denominated deals, three such transactions were mandated this week. Yorkshire Building Society priced the shortest dated sterling issue of the year on Tuesday, Abbey National followed with a 10 year on Thursday, and Coventry Building Society mandated for an inaugural sterling issue, expected next week.
Yorkshires £750m seven year print was priced at the tight end of guidance and exceeded size expectations, proving the covered market is open for UK building societies, and that participants are receptive to shorter tenors.
Leads Barclays Capital, HSBC, and UBS took indications of interest on Monday on the
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.