Phenomenal Barclays debut leads UK back
Barclays Bank reopened the UK covered bond market with the first issue in almost two years on Tuesday, an inaugural Eu2bn 10 year deal showing that investors are open to UK names, and at tighter levels than expected.
Abbey is following suit with a roadshow to tap the market as early as next week via Barclays Capital, BNP Paribas, Deutsche Bank and Santander (Abbeys parent).
Royal Bank of Scotland, the last of the UKs big mortgage lenders lacking a covered bond programme, set up a covered bond
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