These are the details of the selected bond:
- Issuer: HSBC Bank UK plc
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (Fitch)
- Amount: EUR750m
- Maturity date: 25 May 2030
- Re-offer price: 99.979
- Coupon: 2.625%
- Swap spread: 43bp
- Government spread: 53.9bp
- Pricing date: 4 June 2025
- Settlement date: 11 June 2025
- Bookrunners: BMO, CIBC, Credit Agricole, HSBC, ING, Natixis, Rabobank, Santander, UniCredit
- Country: UK
- ISIN: XS3020847268
- Collateral type: Mortgage
- The CBR bond ID: 3153
- Green, social, sustainability description: unlabelled
- Notes: Euro benchmark debut. Final book above EUR2.4bn. Central banks/official institutions 36%, banks/private banks 36%, fund managers 7%, hedge funds 1%. UK/Ireland 40%, Benelux 21%, Nordics 12%, Germany/Austria/Switzerland 9%, France 6%, southern Europe 3%, other Europe 8%, other 1%.
