Nationwide ‘extracts maximum value’ with tightest five year Sonia covered to date

By David Freitas
03 Jan 2020

Nationwide Building Society issued the first sterling covered bond of the year on Friday, without needing to pay any premium over the tight trading levels of its existing bonds.

The UK lender was the first to enter the covered bond market in 2020 after issuance came to a pause in early December.

It opened books for a five year fixed rate note in sterling, and chose HSBC, Lloyds, NatWest Markets and Santander to run ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.