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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
LEED
Leeds Building Society£500
1EMEA
Mar 16, 2026
currency
GBP
size (m)
500.000
maturity
Feb 15, 2031
type
Floating
tenor
5.000
call
-
registration
Reg S Only
benchmark
SONIA
ranking
Covered Bond
moody's
Aaa
s&p
-
fitch
AAA
re-open/tap
No
ipt
-
ipt-pxd
-5
guidance
SONIA+53 area
spread
48
coupon
SONIA+48
spread set
-
price
100.00000
yield
-
book size (m)
950
peak book (m)
1,000
x-covered
1.9
book attrition
-5.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
950
peak book (m)
1,000
x-covered
1.9
book attrition
-5.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 950; First Pay: 2026-05-15; Registration: Reg S Only; Comments: GBP500m NG 5yr frn cpn SONIA+48 at 100. Spread: SONIA+48bps. LEI: O8VR8MK4M5SM9ZVEFS35;
Deal Comments
Reoffer: 5yr: SONIA+48bp / 100 Final Books: £950m+ (incl. £75m JLM) Launched: 5yr: £500m @ SONIA+48bp - Books £1bn+ (incl. £75m JLM) Guidance: 5yr: SONIA+53a Issuer: Leeds Building Society LEI: O8VR8MK4M5SM9ZVEFS35 Ticker: LEED Guarantor: Leeds Building Society Covered Bonds LLP Form of Notes: Reg S / TEFRA D / Bearer / New Global Covered Bonds Format Expected Issue Ratings: Aaa/AAA (Moody's/Fitch) Size: £500m Pricing Date: 16-Mar-26 Settlement Date: 23-Mar-26 (T+5) Final Maturity Date: 15-Feb-31 (5 years, soft bullet) Coupon: Floating, Compounded Daily SONIA, 5 LBD Lag, Quarterly, Act/365 (Fixed), short first coupon. Bloomberg Screen Page SONIO/N Index Interest Payment Dates: 15th day of each February, May, August and November from, and including, 15-May-26 (short first interest period) to, and including, the Final Maturity Date Reoffer Spread: SONIA +48 Reoffer Price: 100 Denomination: £100k + £1k Listing / Governing Law: London Stock Exchange (Main Market) / English Documentation: Base prospectus of Leeds Building Society’s €7bn Global Covered Bond Programme dated 8-Jan-26, as supplemented on 2-Mar-26 Joint Lead Managers: Barclays, BMO Capital Markets, HSBC, NatWest and Nomura (B&D) Fee: The JLMs will be paid a fee by the Issuer in respect of the placement of the securities. Details of the fee may be made available on request to investors participating in the transaction ISIN: XS3305148689 / 330514868 Timing: Priced, ToE 13:55 LDN, FTT 14:15 LDN
Guarantor(s)
Leeds Building Society Covered Bonds LLP

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