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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 27 Mar 2015 Bank Of Ireland 13.375 PIBS 196
GBP 2 Feb 2015 Bradford & Bingley PLC 11.625 PIBS 190
GBP 2 Feb 2015 Bradford & Bingley PLC 13 PIBS 200
GBP 27 Mar 2015 Coventry Building Society 12.125 PIBS 205
GBP 27 Mar 2015 Coventry Building Society 6.092 PIBS 105.5
GBP 27 Mar 2015 Halifax Plc 12 PIBS 145
GBP 27 Mar 2015 Halifax Plc 8.75 PIBS 127
GBP 27 Mar 2015 Halifax Plc 9.375 PIBS 149.5
GBP Halifax Plc.13.625 PIBS -nan
GBP 27 Mar 2015 Lloyds TSB PLC 11.75 PIBS 215
GBP 27 Mar 2015 Leeds Building Society 13.375 PIBS 213
GBP 27 Mar 2015 Manchester Building Society 6.75 PIBS 96.5
GBP 27 Mar 2015 Manchester Building Society 8 PIBS 117
GBP 27 Mar 2015 Nationwide Building Society 6.25 PIBS 113
GBP 27 Mar 2015 Nationwide Building Society 7.25 PIBS 121
GBP 27 Mar 2015 Newcastle Building Society 10.75 PIBS 155.25
GBP 27 Mar 2015 Newcastle Building Society 12.625 PIBS 185
GBP 2 Feb 2015 Northern Rock Plc 12.625 PIBS 192
GBP 27 Mar 2015 Nottingham Building Society 7.875 PIBS 129
GBP 27 Mar 2015 Principality Building Society 7 PIBS 106
GBP 2 Jun 2014 Scarborough Building Society 6.875 PIBS 99.5
GBP 2 Jun 2014 Scarborough Building Society 8.5 PIBS 118.5
GBP 27 Mar 2015 Skipton Building Society 12.875 PIBS 204
GBP 27 Mar 2015 West Bromwich Building Society 6.15 PIBS 52
GBP 27 Mar 2015 Standard & Chart 8.125% Prefs 135.5
GBP 27 Mar 2015 Yorkshire Building Society 13.5% 2025 153
GBP 13 Mar 2015 Nationwide Building Society 7.971 PIBS 102
GBP 2 Feb 2015 Bradford & Bingley PLC 133
GBP 2 Feb 2015 Bradford & Bingley 6% Perp. Sub Bonds (call 10/12/2019 @ 100p) 137
GBP 11 Dec 2013 Co-operative Bank 5.5555% Perp. Sub Bonds (call 14/12/2015 @ 100p) 66.31
GBP 11 Dec 2013 Co-operative Bank 13% Perp. Sub Bonds 105
GBP 27 Mar 2015 Nationwide 6% PIBS (call 15/12/2016 @ 100p) 105.5
GBP 27 Mar 2015 Nationwide 6.024% PIBS (call 6/2/2013 @ 100p) 100
GBP 27 Mar 2015 Nationwide 6.875% PIBS (call 10/1/2019 @ 100p) 114
GBP 27 Mar 2015 Nationwide 7.859% PIBS Receipts (call 13/3/2030 @ 100p) 150
GBP 27 Mar 2015 Nationwide floating rate (6 month LIBOR + 2.4%) 95
GBP 27 Mar 2015 OneSavings Bank 6.591% Perp. Sub Bonds (call 7/3/2016 @ 100p) 102
GBP 27 Mar 2015 OneSavings Bank 7 7/8% Perp. Sub Bonds (call 27/8/2014 @ 100p) 102.5
GBP 27 Mar 2015 Principality floating rate 8/7/2016 (3 month LIBOR + 1.05%) 99
GBP 27 Mar 2015 Skipton 6.875% PIBS (call 13/4/2017 @ 100p) 105
GBP 27 Mar 2015 Skipton 8 1/2% PIBS 132
GBP 27 Mar 2015 Ulster Bank 11 3/4% Sub Bonds 148
GBP 27 Mar 2015 Yorkshire 5.649% PIBS (call 27/3/2019 @ 100p) 100
GBP 27 Mar 2015 Barclays Bank Plc 134.92
GBP 27 Mar 2015 Co-operative Bank 11% Sub Notes 20/12/2023 119.5
GBP 27 Mar 2015 Co-operative Group 11% Final Repayment Notes 20/12/2025 127
GBP 27 Mar 2015 Co-operative Group Instalment Repayment Notes 20/12/2025 (pays 1p annually) 7.8