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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 18 Apr 2014 Bank Of Ireland 13.375 PIBS 170
GBP 18 Apr 2014 Bradford & Bingley PLC 11.625 PIBS 101
GBP 18 Apr 2014 Bradford & Bingley PLC 13 PIBS 112
GBP 18 Apr 2014 Coventry Building Society 12.125 PIBS 185
GBP 18 Apr 2014 Coventry Building Society 6.092 PIBS 104
GBP 18 Apr 2014 Halifax Plc 12 PIBS 141
GBP 18 Apr 2014 Halifax Plc 8.75 PIBS 125
GBP 18 Apr 2014 Halifax Plc 9.375 PIBS 136
GBP 18 Apr 2014 Halifax Plc.13.625 PIBS 192
GBP 18 Apr 2014 Lloyds TSB PLC 11.75 PIBS 176
GBP 18 Apr 2014 Leeds Building Society 13.375 PIBS 187.5
GBP 18 Apr 2014 Manchester Building Society 6.75 PIBS 103
GBP 18 Apr 2014 Manchester Building Society 8 PIBS 116
GBP 18 Apr 2014 Nationwide Building Society 6.25 PIBS 108
GBP 18 Apr 2014 Nationwide Building Society 7.25 PIBS 112.5
GBP 18 Apr 2014 Newcastle Building Society 10.75 PIBS 142
GBP 18 Apr 2014 Newcastle Building Society 12.625 PIBS 164
GBP 18 Apr 2014 Northern Rock Plc 12.625 PIBS 97
GBP 18 Apr 2014 Nottingham Building Society 7.875 PIBS 128
GBP 18 Apr 2014 Principality Building Society 7 PIBS 101
GBP 7 Apr 2014 Scarborough Building Society 6.875 PIBS 96
GBP 7 Apr 2014 Scarborough Building Society 8.5 PIBS 113
GBP 18 Apr 2014 Skipton Building Society 12.875 PIBS 169
GBP 18 Apr 2014 West Bromwich Building Society 6.15 PIBS 22
GBP 18 Apr 2014 Standard & Chart 8.125% Prefs 129
GBP 18 Apr 2014 Yorkshire Building Society 13.5% 2025 156
GBP 18 Apr 2014 Nationwide Building Society 7.971 PIBS 105.5
GBP 18 Apr 2014 Bradford & Bingley PLC 74
GBP 18 Apr 2014 Bradford & Bingley 6% Perp. Sub Bonds (call 10/12/2019 @ 100p) 74
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 18 Apr 2014 Nationwide 6% PIBS (call 15/12/2016 @ 100p) 106
GBP 18 Apr 2014 Nationwide 6.024% PIBS (call 6/2/2013 @ 100p) 88
GBP 18 Apr 2014 Nationwide 6.875% PIBS (call 10/1/2019 @ 100p) 111
GBP 18 Apr 2014 Nationwide 7.859% PIBS Receipts (call 13/3/2030 @ 100p) 125
GBP 18 Apr 2014 Nationwide floating rate (6 month LIBOR + 2.4%) 88
GBP 18 Apr 2014 OneSavings Bank 6.591% Perp. Sub Bonds (call 7/3/2016 @ 100p) 90
GBP 18 Apr 2014 OneSavings Bank 7 7/8% Perp. Sub Bonds (call 27/8/2014 @ 100p) 96
GBP 18 Apr 2014 Principality floating rate 8/7/2016 (3 month LIBOR + 1.05%) 95
GBP 18 Apr 2014 Skipton 6.875% PIBS (call 13/4/2017 @ 100p) 100
GBP 18 Apr 2014 Skipton 8 1/2% PIBS 120
GBP 18 Apr 2014 Ulster Bank 11 3/4% Sub Bonds 134
GBP 18 Apr 2014 Yorkshire 5.649% PIBS (call 27/3/2019 @ 100p) 97
GBP 18 Apr 2014 Barclays Bank Plc 136.356
GBP 18 Apr 2014 Co-operative Bank 11% Sub Notes 20/12/2023 121
GBP 18 Apr 2014 Co-operative Group 11% Final Repayment Notes 20/12/2025 112.5
GBP 18 Apr 2014 Co-operative Group Instalment Repayment Notes 20/12/2025 (pays 1p annually) 8.2