Coventry mandates HSBC, Lloyds for first UK master issuer since 2008

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Coventry mandates HSBC, Lloyds for first UK master issuer since 2008

Tom Brown
July 22, 2020 02:15 PM
Coventry_Cathedral_AdobeStock_575x375_22July20
A bird flies over the bombed-out ruins of the Cathedral Church of St. Michael, also known as Coventry Cathedral in the UK. The Cathedral was destroyed in an air raid during the Second World War. | chrisdorney - stock.adobe.com

Coventry Building Society (CBS) has mandated HSBC and Lloyds to arrange its first issuance from Economic Master Issuer 2020-1, the first UK master trust structure set up since 2008. Books are building for the deal with initial price thoughts (IPTs) guiding the senior tranche in the low 50bps.

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CoronavirusLloyds BankRMBSSecuritizationUKEuropeEMEAHSBC
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