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Bond prices & Yields > PIBS & others

PIBS are Permanent Interest Bearing Securities. These have been issued by many UK Building Societies and are a class of subordinated debt. Coupons are fixed and the bonds have no fixed redemption date. Investors purchasing PIBS can benefit from a long stream of income flows. However, the lack of a fixed redemption date means that holders will be reliant on the market price when they wish to liquidate their investments.

Investors should be aware that PIBS are subordinated debt, and rank lower than deposits and/or senior bonds in the event of the issuer being forced into liquidation. Many PIBS also have calls, an option that allows the issuer to repurchase the bond at par at certain dates.  Thus, caution should be exercised if paying above par.

CyUpdatedIssuerPrice
GBP 15 Jun 2018 Bank Of Ireland 13.375 PIBS 215.125
GBP 10 Aug 2016 Coventry Building Society 12.125 PIBS 195
GBP 15 Jun 2018 Halifax Plc 12 PIBS 134.5
GBP 15 Jun 2018 Halifax Plc 8.75 PIBS 124.5
GBP 15 Jun 2018 Halifax Plc 9.375 PIBS 168.5
GBP 15 Jun 2018 Cheltenham & Gloucester 11 3/4% PIBS 221.795
GBP 15 Jun 2018 Leeds Building Society 13.375 PIBS 216
GBP 15 Jun 2018 Manchester Building Society 6.75 PIBS 19.5
GBP 15 Jun 2018 Manchester Building Society 8 PIBS 24.5
GBP 26 Oct 2016 Nationwide Building Society 6.25 PIBS 107.75
GBP 15 Jun 2018 Nationwide Building Society 7.25 PIBS 110.25
GBP 15 Jun 2018 Newcastle Building Society 10.75 PIBS 166.5
GBP 15 Jun 2018 Newcastle Building Society 12.625 PIBS 197.75
GBP 15 Jun 2018 Nottingham Building Society 7.875 PIBS 129
GBP 15 Jun 2018 Principality Building Society 7 PIBS 104.787
GBP 15 Jun 2018 Skipton Building Society 12.875 PIBS 215.5
GBP 15 Jun 2018 West Bromwich Building Society 6.15 PIBS 38
GBP 15 Jun 2018 Standard & Chart 8.125% Prefs 139.05
GBP 10 May 2018 Nationwide 6.024% PIBS (call 6/2/2013 @ 100p) 100
GBP 15 Jun 2018 Nationwide 6.875% PIBS 105.7
GBP 15 Jun 2018 Nationwide 7.859% PIBS Receipts 124.671
GBP 15 Jun 2018 Nationwide floating rate (6 month LIBOR + 2.4%) 107
GBP 15 Jun 2018 OneSavings Bank 6.591% Perp. Sub Bonds (call 7/3/2016 @ 100p) 98.625
GBP 15 Jun 2018 OneSavings Bank 5.9884% Floating Rate Sub 100.375
GBP 15 Jun 2018 Skipton 8 1/2% PIBS 147
GBP 15 Jun 2018 Ulster Bank 11 3/4% Sub Bonds 170
GBP 15 Jun 2018 Yorkshire 5.649% PIBS (call 27/3/2019 @ 100p) 101.5
GBP 15 Jun 2018 Barclays Bank Plc 111.263
GBP 4 Sep 2017 Co-operative Bank 11% Sub Notes 28
GBP 15 Jun 2018 Co-operative Group 11% Final Repayment Notes 20/12/2025 129.75
GBP 15 Jun 2018 Co-operative Group Instalment Repayment Notes 20/12/2025 (pays 1p annually) 6.125
GBP 24 Nov 2016 Halifax 13 5/8% Perp. Sub Bonds 214.5