YBS to issue second Sonia covered bond

By Bill Thornhill
13 Nov 2019

Yorkshire Building Society (YBS) mandated leads for a Sonia-linked covered bond on Wednesday, taking advantage of the excess demand that was identified in an earlier deal from Santander UK.

Yorkshire Building Society appointed joint lead managers Barclays, BNP Paribas, Lloyds Bank and UBS for the five year floating rate deal on Wednesday with plans to open order books on Thursday.

The deal follows Santander UK’s £1bn five year, which attracted demand of ...

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