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FIGCovered Bonds

Clydesdale gets thumbs up from Moody’s

With Clydesdale Bank gearing up for its first issue under a newly established Eu5bn global covered bond programme, Moody’s has given those bonds a timely Aaa (provisional) rating. The credit quality of the cover pool was among the most telling factors behind Moody’s decision. It is also bound to bolster investor interest in the programme.

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