UK trio hit covered bonds as Brexit woes recede

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UK trio hit covered bonds as Brexit woes recede

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Prime Minister Theresa May during her statement about last week's EU summit in the House of Commons, London. | UK Parliament/Jessica Taylor/PA Wire/PA Images

Lloyds Bank and National Westminster Bank issued exceptionally well subscribed covered bonds respectively in euros and sterling on Monday as Virgin Money announced roadshow plans for its debut deal. The three borrowers took advantage of the UK Parliamentary vote to avert a ‘no deal’ Brexit.

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