Abbey Hires Banks For 4-Year Euro Covered Bond

21st Jun 2010 10:52

LONDON (Dow Jones)--U.K. lender Abbey PLC, part of Banco Santander SA (STD), has hired Barclays PLC, JP Morgan Chase & Co, Natixis, and Santander to act as joint-lead managers on a four-year, euro-denominated covered bond transaction, one of the banks said Monday. The size of the deal has yet to be set, but the lender will target a benchmark-sized issue, the bank said. Abbey's most recent new covered bond deal, a EUR1 billion, three-year issue, in March, was rated triple-A by Moody's Investors Service, Standard & Poor's Corp., and Fitch Ratings. -by Mark Brown, Dow Jones Newswires; + 44 (0)207 842 9485, [email protected] (END) Dow Jones Newswires June 21, 2010 05:52 ET (09:52 GMT)