YBS matches Coventry as Sonia hopes stay strong

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YBS matches Coventry as Sonia hopes stay strong

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Updated file photo of a sign above a Yorkshire Building Society branch. Around 250 jobs are at risk at the Yorkshire Building Society Group as part of plans to close around 13 branches across the country by next year. | Matthew Horwood/PA Wire/PA Images

Yorkshire Building Society (YBS) broadened its investor base on Friday with its first sterling covered bond in six years. The deal was set to price in line with a similar five year Sonia-linked bond issued this week by Coventry Building Society but with less demand. Even so, supply hopes remain alive.

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