Covered bonds safe from UK Banking Act effects

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Covered Bonds

Covered bonds safe from UK Banking Act effects

July 13, 2009 12:00 AM

Moody’s does not believe that the UK Banking Act 2009 adversely affects the ratings of covered bonds.

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