Skipton lands debut MREL deal amid rising Brexit risks

By Tyler Davies
25 Sep 2020

Skipton Building Society found a window to launch its debut non-preferred senior bond in the sterling market on Friday, ahead of what could be a tricky fourth quarter for UK borrowers.

Skipton spoke with investors on Wednesday through a series of calls arranged by lead managers Barclays, Lloyds, NatWest Markets and UBS. 

But the issuer waited until Friday before opening order books, giving more time for market conditions to settle after a choppy week

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