Yorkshire, Coventry, Lloyds and DZ Hyp embark on series of covered bond firsts
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Covered Bonds

Yorkshire, Coventry, Lloyds and DZ Hyp embark on series of covered bond firsts

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Yorkshire Building Society (YBS) and Coventry Building Society have mandated leads for the first five year Sonia-linked covered bonds, Lloyds is out with the first Reg S dollar covered bond from a UK issuer in years, and DZ Hyp has mandated leads for the first deal under its new brand name. Elsewhere, Bank of Nova Scotia has opened order books for a three year sterling tap.

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