These are the details of the selected bond:
- Issuer: Santander UK
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (S&P) AAA (Fitch)
- Amount: USD1,500m
- Maturity date: 12 September 2029
- Re-offer price: 100.000
- Coupon: 4.654%
- Swap spread: 40bp
- IPTs/initial guidance: 42bp
- Government spread: 22.8bp
- Pricing date: 1 September 2026
- Settlement date: 9 September 2026
- Bookrunners: BMO, RBC, Santander, Standard Chartered, TD
- Country: UK
- ISIN: XS3492392488
- Collateral type: Mortgage
- The CBR bond ID: 3474
- Green, social, sustainability description: unlabelled
