Skipton looks to switch Libor for Sonia in covereds

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Skipton looks to switch Libor for Sonia in covereds

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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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