Yorkshire proves popular despite Brexit risk

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By Tyler Davies
10 Sep 2020

Yorkshire Building Society was more than three times subscribed for a new euro senior deal on Thursday, despite worsening EU-UK relations in the run-up to the Brexit date.

Yorkshire opened books on five year preferred senior bond through BNP Paribas, HSBC, NatWest Markets and UBS.

The size of the deal had been fixed at €500m from the outset.

About two hours into the trade, the lead managers revealed they had an order book worth €750m.

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