Skipton looks to switch Libor for Sonia in covereds

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Covered Bonds

Skipton looks to switch Libor for Sonia in covereds

David Freitas
July 02, 2020 06:00 pm
SkiptonBS_PA_575x375
People passing a branch of the Skipton Building Society in Manchester, Greater Manchester, England, United Kingdom on Wednesday 30th March 2016. The UK banking sector regulator, the Financial Conduct Authority, has announced they have received less complaints about banks. The UK banking sector regulator, the Financial Conduct Authority, has announced they have received less complaints about banks. (Photo by Jonathan Nicholson/NurPhoto) *** Please Use Credit from Credit Field *** | NurPhoto/NurPhoto/PA Images

Skipton Building Society is looking for approval from investors to convert the interest basis on one of its covered bonds from Libor to Sonia.

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David Freitas
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