Northern Rock Plans U.S. Covered Bond Debut

02 May 2007

Northern Rock Building Society is planning its first U.S. dollar-denominated covered bond issue.

--Cathy Cunningham

Northern Rock Building Society is planning its first U.S. dollar-denominated covered bond issue. The U.K –based company already issues three to four covered bonds in Europe each year and now plans on making its mark on the other side of the pond. “Covered bonds are a useful ...

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