UK banks stage market comeback after Brexit bounce

By Tyler Davies
04 Mar 2019

CYBG is set to meet investors this week to gauge demand for a new additional tier one. With HSBC Holdings also selling a senior bond in dollars on Monday, UK financial institutions are returning to the market for the first time in four months amid fading fears about a worst case scenario for Brexit.

CYBG has mandated Bank of America, Citi, Lloyds Bank and NatWest Markets to organise meetings with investors in London on March 5, with a view to selling a perpetual non-call June 2024 AT1 in the sterling market shortly thereafter.

The bonds will be structured so ...

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