Skipton scores solid Sonia success as UK banks hit covereds
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Covered Bonds

Skipton scores solid Sonia success as UK banks hit covereds

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Skipton Building Society took advantage of a strong credit market and brief hiatus in the quickly evolving and politically chaotic backdrop to Brexit to issue a £600m five year Sonia linked covered bond. The deal was more heavily subscribed and attracted a broader range of investors than any of its previous deals, yet was priced with little or no new issue premium.

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