These are the details of the selected bond:
- Issuer: Paragon Bank
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (Fitch)
- Amount: GBP500m
- Maturity date: 20 March 2028
- Re-offer price: 100.000
- Coupon: Sonia plus 60bp
- Re-offer margin: 60bp
- Pricing date: 4 March 2025
- Settlement date: 11 March 2025
- Bookrunners: Barclays, BNP Paribas, NatWest
- Country: UK
- ISIN: XS3019748337
- Collateral type: Mortgage
- The CBR bond ID: 3078
- Green, social, sustainability description: unlabelled