Co-operative Bank £4bn Global Covered Bond Programme

Covered Bond Programme

In October 2011, The Co-operative Bank 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. The Programme size was increased to £4 billion. All references in the Transaction Documents will be deemed amended accordingly.

Features of the Covered Bond programme include:

  • Credit quality of the underlying asset cover pool
  • Conservative structuring

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.

Contact us

If you have any questions regarding the Covered Bonds Programme, please contact us on +44(0)161 201 7809 or email us.