Principality gets ready for ‘reintroduction’ to senior market

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By Tyler Davies
09 Nov 2017

Principality Building Society has picked banks to arrange a roadshow for a new sterling-denominated senior unsecured bond, marking the issuer’s first visit to the market in any currency since before the financial crisis.

BNP Paribas, Lloyds Bank and NatWest Markets will arrange a UK roadshow for the borrower from Monday. A five to seven year transaction is expected to follow.

Principality sold £475m ($624.74m) of triple-A RMBS ...

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