Santander UK steps into sterling covereds as Sparebank 1 lines up

Santander UK found strong demand for a three year floating rate sterling covered bond on Friday and will be followed by Sparebank 1, which has mandated leads for investor meetings with a view to issuing a sterling five year. At the same time, SBanken Boligkreditt has mandated leads for a roadshow with a view to issuing its first euro deal.