UK Money Markets Code
Sainsbury’s Bank is committed to conducting its UK Money Market activities in adherence with the principles of the UK Money Markets Code.
Treasury activities are carried out in support of internal strategic objectives, and in compliance with policy requirements as determined by the Bank's Board and regulators. This includes the management of the Bank's high quality liquid assets, the raising of wholesale funding, the issuance of capital instruments, liquidity forecasting and the hedging of financial risk arising from the Bank's business activities.
Funding Programmes
Access to wholesale markets allows the Bank to diversify its funding sources and reduces reliance upon traditional sources for all its funding needs.
Tier 2 Capital
(Bloomberg: SBRYBK Corp)
The Bank’s results and presentations are available on our Results, Reports and Presentations page.
In September 2022, the Bank issued £120,000,000 10.50 per cent Fixed Rate Reset Callable Subordinated Notes due 2033. The information memorandum is available here.
Credit Rating
(Bloomberg: 903634Z LN Equity CRPR)
Swipe
| Agency | Long-Term Credit Rating | Short-Term Credit Rating | Subordinated debt | Counterparty Risk Assessment | Outlook |
| Moody’s | Baa2 | P-2 | Baa3 | Baa1(cr) | Negative |