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 September 2029
- Re-offer price: 100.000
- Coupon: Sonia plus 50bp
- Re-offer margin: 50bp
- IPTs/initial guidance: 53bp
- Pricing date: 8 July 2026
- Settlement date: 15 July 2026
- Bookrunners: Barclays, BMO, BNP Paribas, NatWest
- Country: UK
- ISIN: XS3432918335
- Collateral type: Mortgage
- The CBR bond ID: 3443
- Green, social, sustainability description: unlabelled