No results found for "".

Commentary & Deal Flow

NEW ISSUE: Skipton Building Society £500m WNG Short 5yr FRN CB; SONIA+48bp

IGC European Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

Guidance

Skipton Building Society

Short 5yr

22-Apr-31

£500m WNG

CB

Floating

SONIA+48


Guidance: Short 5yr: SONIA+48bp


  • Issuer: Skipton Building Society (LEI#: 66AGRETLUXS4YO5MUH35)
  • Ticker: SKIPTN
  • Guarantor: Skipton Covered Bonds LLP
  • Expected Issue Rating: Aaa/AAA (Moody's/Fitch)
  • Format: UK Regulated Covered Bonds, Reg S, Bearer (TEFRA D)
  • Size: £500m WNG
  • Pricing Date: 13-May-26
  • Settle: 20-May-26 (T+5)
  • Maturity: 22-Apr-31 – Short 5yr (soft bullet)
  • Coupon: Floating, Compounded Daily SONIA, 5 LBD Lag, Quarterly, ACT/365F
  • Interest Payment Dates: 22nd day of January, April, July and October from, and including, 22-Jul-26 (short first interest period) to, and including, the Final Maturity Date
  • Guidance: SONIA+48bps “the number”
  • Reoffer Price: 100%
  • Documentation: Base prospectus of Skipton Building Society’s EUR7.5bn Global Covered Bond Programme dated 9-Apr-26
  • Listing: Main Market of the London Stock Exchange
  • Governing Law: English
  • Denominations: £100k + 1k
  • ISIN: XS3379435863
  • Common Code: 337943586
  • Joint Lead Managers: ABN AMRO, HSBC, Lloyds, NatWest and Nomura
  • Fee: The Joint Lead Managers 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
  • Selling Restrictions: Reg S. TEFRA D. No sales to EEA or UK retail
  • Target Market: Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs key information document (KID) or UK PRIIPs KID / CCI product summary has been prepared as not available to retail investors in the EEA or the UK
  • Advertisement: The Base Prospectus and the Final Terms (when published) will be available at: https://www.skipton.co.uk/investor-relations/regulated-bonds-disclaimer/regulated-covered-bonds
  • Schedule: Books open, today’s business