Here you can find information covering securitisation and our covered bond programmes.
In October 2011, here at the Co-operative Bank we launched a £3billion equivalent, RCB compliant Global Covered Bond Programme (The Covered Bond Programme).
The Covered Bond Programme was subsequently updated on 31 October 2012 with a size increase to £4 billion. All references in the Transaction Documents will be deemed amended accordingly.
Features of the Covered Bond programme include:
All outstanding issues under the Covered Bond Programme have been rated by Fitch and Moody’s.
The Covered Bond Programme can issue notes in multiple currencies.
Here you can find the monthly Covered Bond Investor Reports available for you to download.
Investor Reports for 2015
Investor Reports for 2014
Investor Reports for 2013
Investor Reports for 2012
Investor Reports for 2011
Investor Reports for 2010
Investor Reports for 2009
The Silk Road Finance RMBS Programme (The Silk Road Programme) has issued mortgage backed debt securities collateralised by UK originated prime mortgage assets since 2010. There have been six Silk Road transactions to date with the AAA bond issuance of £6.35bn (sterling equivalent). At present two issuances are outstanding, Silk Road Finance Number Five and Silk Road Finance Number Six.
Features of the Silk Road programme include:-
If you have any questions regarding Silk Road Finance Programmes, please email us.
Bank completed its third whole structure securitisation, Warwick Finance Number Three in October 2017. The deal documentation, investor reports, data tapes and cash flow model can be found here.
Bank completed its fourth whole structure securitisation, Warwick Finance Number Four in August 2019. The deal documentation, investor reports, data tapes and cash flow model can be found here.
If you have any questions regarding Warwick Finance Number Three or Warwick Finance Number Four, please email us.