Upcoming issue Issuer: Leeds Building Society (A3/-/A-) Issu | Cbonds Global

Upcoming issue

Issuer: Leeds Building Society (A3/-/A-)

Issue description: 6Y non-call five non-preferred senior bonds

Currency: GBP 

Date: investor calls started on March 8, the deal is expected later this week 

Aim: to refinance outstanding 2.625% 1apr2021, EUR bonds and reshape its balance sheet for the minimum requirements for own funds and eligible liabilities (MREL) 

Bookrunners and Lead Managers: BNP Paribas, HSBC, NatWest Markets, Nomura and UBS