TSB pulls covered bond as Brexit volatility weighs in

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Covered Bonds

TSB pulls covered bond as Brexit volatility weighs in

Bill Thornhill
November 15, 2018 02:00 PM
Theresa_May_Brexit_Deal_PA_230x150_151118
Prime Minister Theresa May makes a statement outside 10 Downing Street, London, confirming that Cabinet has agreed the draft Brexit withdrawal agreement. | Victoria Jones/PA Wire/PA Images

Despite offering an attractive premium, TSB Bank was unable to garner enough interest for its five year sterling covered bond on Thursday, forcing it to postpone the deal. The decision followed a high level UK government resignation that caused considerable market volatility in the UK banking sector.

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UKEuropeEMEAFIGBrexitCovered Bonds
BT
Bill Thornhill
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