YBS targets illiquid private placements in capital buyback
Yorkshire Building Society is using a modified Dutch auction to offer holders of three small, privately placed tier two bonds the chance to sell their notes back to the issuer, in a bid to boost the society’s capital base.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts