These are the details of the selected bond:
- Issuer: National Westminster Bank
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (Fitch)
- Amount: GBP1,000m
- Maturity date: 22 May 2031
- Re-offer price: 100.000
- Coupon: Sonia plus 47bp
- Re-offer margin: 47bp
- IPTs/initial guidance: 52bp
- Pricing date: 5 June 2026
- Settlement date: 17 June 2026
- Bookrunners: BMO, NatWest, Santander, Standard Chartered
- Country: UK
- ISIN: XS3405659833
- Collateral type: Mortgage
- The CBR bond ID: 3414
- Green, social, sustainability description: unlabelled
