Skipton marks return to sterling senior market

By Tyler Davies
26 Jun 2017

Skipton Building Society returned to the senior market with a £350m five year bond on Monday, as smaller UK financial institutions prepare for the withdrawal of central bank funding schemes.

Skipton hired BarclaysBNP Paribas and HSBC as joint lead managers to arrange the sale of the new sterling-denominated bonds, which were marketed to investors last week.

The UK building society opened books on the five year bond with initial price thoughts of Gilts plus 160bp area, but the leads ...

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