Abbey takes sterling covered to record levels
Abbey National priced a sterling covered bond on Wednesday, taking year-to-date supply in the currency to a record-breaking £7.2bn. The £1.5bn dual tranche trade boasted the longest deal of the year so far and the fifth short dated floater, an unconventional covered bond format that has dominated recent sterling issuance.
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