Treasury Services
Principality's Treasury team manages the Group's liquidity, wholesale funding and capital resources. Access to the wholesale markets allows the Group to smooth out variations in savings flows and moderates reliance on traditional sources of funding.
Funding
Wholesale funding is raised via the International Money Markets with maturities varying from overnight to fifteen years. Access to the markets is through a variety of instruments and programmes.
Click below for further details:
Short Term
- Time Deposits
- Certificates of Deposit (CD)
Long Term
- Euro Medium Term Notes (EMTN)
- £300m Senior Unsecured Notes due 23 November 2023 - Click here to download the PDF
- £300m Senior Non-Preferred Notes due July 2028 - Click here to download the PDF
- Base Prospectus (2023) - Click here to download the PDF
- Base Prospectus (2017) - Click here to download the PDF
- Trust Deed - Click here to download the PDF
- Residential Mortgage Backed Securities - Link to Investor reports, the Investor Presentation and full documentation: www.euroabs.com & European Datawarehouse.
- Friary No5 plc - Earliest call date 21/01/2024
- Friary No6 plc - Earliest call date 21/11/2024
- Friary No7 plc - Earliest call date 21/10/2027
- Link to Friary RMBS Cashflow Models: www.euroabs.com
Capital
PIBS note holders should refer all queries to the Equiniti Group plc client service desk:
- Telephone: 0203 8902152
- Email: ClientServiceDesk@equiniti.com
| Short Term | Long Term | Last Review | |
|---|---|---|---|
| Fitch | F2 | A- | 11/07/2023 |
| Moodys | P-2 | Baa1 | 03/07/2023 |
Liquidity
The liquidity is available to meet the cashflows of the Group. Surplus funds are invested in various maturity periods from overnight to ten years. Investments are made in a variety of instruments
Click below for further details:
Short Term
- Call Accounts
- Cash Deposits
- Certificates of Deposit
- Treasury Bills
Long Term
- Gilts
- Floating Rate Notes
- Residential Mortgage Backed Securities
- Supranational Bonds
Investment Enquiries
Investment rates can be offered on amounts over £500,000 for periods varying from one month up to five years. Each deal will be for a fixed maturity.
Click below for further details:
Investment Details
Below are examples of the types of counterparties who invest with Treasury:
- Local Authorities
- Registered Charities
- Housing Associations
- Insurance Companies
- Financial Institutions
- Fund Managers
Treasury cannot accept money from an individual. If individual customers wish to open a savings account with the Society, please contact your local branch, our Customer Service Centre or apply online.
If you require any further information on how to invest with us please contact the Treasury Department either by email alltreasury@principality.co.uk or by telephone 02920 773447.
UK Money Markets Code
Principality Building Society subscribes to the principles of the UK Money Markets Code. Please click on the link to read our Statement of Commitment to the UK Money Markets Code.
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