Perenna applies to become first pure UK covered bond bank

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

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Covered Bonds

Perenna applies to become first pure UK covered bond bank

Bill Thornhill
October 30, 2020 09:00 AM
PA-UK houses
General view of houses in Victoria Road, London, named 'the most expensive street in the UK' in 2015 with an average house price of over £8 million. The borough of Kensington and Chelsea is one of the most polarised in Great Britain, with some of the most expensive real estate in the UK just a short walk from several of the most deprived wards in the country - including the area around the Grenfell Tower. Picture date: Wednesday July 12th, 2017. Photo credit should read: Matt Crossick/ EMPICS Entertainment. | Matt Crossick/Empics Entertainment

Perenna has applied to become the first UK covered bond bank and plans to issue 30 year fixed rate mortgages next year, using the Danish covered bond system that limits mismatches between the terms of the mortgages and the bonds that fund them.

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Bill Thornhill
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