Coventry gets stuck at initial price amid rising UK risk

By Tyler Davies
17 Sep 2020

Coventry Building Society struggled to build much momentum behind the sale of a new senior bond this week, as the sterling market proved especially vulnerable to new fears around Brexit.

Market participants knew that volatility could rise as the UK entered late-stage trade talks with the EU, ahead of its imminent departure from the bloc. 

But the risk of a messy Brexit has come to the fore even earlier than expected, with the UK government pushing back ...

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