These are the details of the selected bond:
- Issuer: Clydesdale Bank
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (Fitch)
- Amount: GBP500m
- Maturity date: 22 January 2028
- Re-offer price: 100.000
- Coupon: Sonia plus 53bp
- Re-offer margin: 53bp
- Pricing date: 28 January 2025
- Settlement date: 4 February 2025
- Bookrunners: Barclays, HSBC, Lloyds, NatWest
- Country: UK
- ISIN: XS2988672650
- Collateral type: Mortgage
- The CBR bond ID: 3047
- Green, social, sustainability description: unlabelled