Lanark follows suit on STS switch

CYBG IPO 230x150
By Owen Sanderson
26 Nov 2019

Clydesdale Banking Group followed other UK master trust issuers in backdating ‘Simple Transparent and Standardised’ status across the series, announcing on Monday that senior notes from 2015-1 onwards should be eligible for the designation.

Lloyds retrospectively designated Permanent as STS at the beginning of November, and Nationwide, the first UK issuer to print an STS deal, backdated Silverstone in October. Santander UK backdated Holmes in July, and obtained a new issue notification for Fosse 2019-1 in October — but, unlike other UK ...

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