Covered Bond: Barclays Bank

Issuer: Barclays BankIssue date: Sept 29, 2009Size: €2 billionRatings: AAA (Fitch, Moody’s, S&P)Maturity: Oct 7, 2019Coupon: 4% (mid-swaps plus 60bp)Bookrunners: Barclays Capital, Caja Madrid, Calyon, Commerzbank, Danske Bank, UnicreditWhile their peers in the eurozone benefited from the European Central Bank’s €60 billion covered bond purchase programme, for UK banks the covered bond market had been a closed door since the onset of the financial crisis in the second

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