Debt investors: Funding programmes
Here you can find information covering securitisation and our covered bond programmes.
The Co-operative Bank's £4bn Global Covered Bond Programme
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 in October 2012 with a size increase to £4bn and again in May 2024, to reflect latest market standards and to accommodate regulatory updates since the programme was first established.
Features of the Covered Bond programme include:
- Credit quality of the underlying asset cover pool
- Conservative structuring.
The Covered Bond Programme and all issuances under the programme will be rated by Moody’s.
The Covered Bond Programme can issue notes in multiple currencies.
Investor Reports
Here you can find the monthly Covered Bond Investor Reports available for you to download.
Investor Reports for 2024
October 2024
Moorland Covered Bonds Investor Report (PDF)
September 2024
Moorland Covered Bonds Investor Report (PDF)
August 2024
Moorland Covered Bonds Investor Report (PDF)
July 2024
Moorland Covered Bonds Investor Report (PDF)
June 2024
Latest notices
Covered Bondholders
Covered Bond Investor Presentation June 2024
Secured Funding Investor Update April 2024
Covered Bondholders Notice 4 March 2015
Covered Bondholders Notice 20 January 2014
Covered Bondholders Notice 10 January 2014
Covered Bondholders Notice 27 December 2013
Covered Bondholders Notice 18 December 2013
Covered Bondholders Notice 5 December 2013
Publication of Prospectus 01.11.12
Covered Bond Collection Account changes December 2011
Covered Bond Investor Presentation 19.10.2011
Covered Bondholders Notice 11.10.2011
What will you need?
These documents are in 'PDF' so you'll need to have Adobe Acrobat 4.0 or above to read them. If you haven't got it, you can download it for free from Adobe.
Covered Bond Programme
You can download the prospectus for the Covered Bond Programme here.
Bank of England Reporting Requirements
Cashflow liability report, investor reports, deal documents and loan data tape.
Contact us
If you have any questions regarding the Covered Bonds Programme, please contact us on +44(0)161 201 7809 or email us.
Silk Road Programme
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).
Features of the Silk Road programme include:-
- Standalone, static, pass-through structure.
- Collateralised by a pool of UK first lien, owner occupied, residential prime mortgage loans originated under The Co-operative Bank for Intermediaries brand.
- The conservative credit structure, strong underlying prime collateral quality, and extensive cash management experience are strong features of the transactions issued.
Contact us
If you have any questions regarding Silk Road Finance Programmes, please email us.
Warwick Finance RMBS
Warwick Finance Number Three
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.
Warwick Finance Number Four
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.
Presentations and prospectuses
Presentations and Prospectuses
The Co-operative Bank Holdings Plc £200m due 2028 Senior Notes prospectus (PDF)
The Co-operative Bank Holdings Ltd £200m due 2034 Tier 2 notes prospectus
The Co-operative Bank Finance p.l.c £200m due 2028 Senior Notes prospectus
Secured Funding Business Update
The Co-operative Bank Finance p.l.c £250m due 2027 Senior Notes prospectus
Secured Investor Update October 2019
The Co-operative Bank Finance p.l.c £200m due 2029 Tier 2 prospectus
2018 Results and Strategy Update
2017 Interim Results Investor Presentation
2016 Full Year Results Investor Presentation
2016 Interim Results Investor Presentation
2015 Full Year Results Investor Presentation
The Co-operative Bank RMBS Investor Update
2015 Interim Results Investor Presentation
Prospectus - £250m Callable Subordinated Tier 2 Notes due 2025
Co-operative Bank and WFRM1 update - June 2015
Leek RBMS Performance update - February 2015
The Co-operative Bank Stress Test Results Update
2013 Full Year Results Investor Presentation
Liability Management Exercise 2013
2012 Year End Investor Presentation - 21st March 2013
EMTN €500m Senior Notes Due Oct 2015
2012 half year investor relations presentation – 10th September 2012
2011 year end investor presentation - 29th March 2012
Presentation to Investors HY2011
Final Terms - EMTN £275m Subordinated Notes Due April 2021
Presentation to Investors 2010
Final Terms - EMTN £400m Senior Notes Due Sept 2017
Supplement to the MTN Programme Prospectus 2010
The Co-operative Financial Services Presentation of Annual Results 2009
Debt Investor Presentation November 2009
Investor Presentation 10th July 2009
Perpetual Subordinated Bond (PSB) Prospectus
Capital Markets Presentation 2009
Presentation to Investors 2008
Presentation to Investors 2007
Capital Markets Presentation 2006
The Co-operative Bank Preferences Shares Placing Document and Special Resolution