U.K. Building Society Turns To Covered Bonds

Coventry Building Society has turned to covered bonds for the first time with a £1.5 billion ($3 billion) issuance.

  • 23 Jul 2008

--Alex Sebastian

Coventry Building Society has turned to covered bonds for the first time with a £1.5 billion ($3 billion) issuance. The bonds will be backed by a £2.3 billion ($4.5 billion) cover pool composed of 22,177 loans originated by Coventry on homes across the U.K. The pool has ...

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