Skipton to test strength of sterling market

By Tyler Davies
23 Sep 2020

Skipton Building Society is looking to sell its first series of non-preferred senior notes in sterling — a market that has proved shaky amid a fresh spike in Brexit volatility.

Skipton picked Barclays, Lloyds, NatWest Markets and UBS as the bookrunners for its deal. 

They hosted a day of calls with investors on Wednesday, but decided against opening books the following day, amid volatile market conditions.

The UK financial institution is preparing to issue a six year non-call five bond, ...

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