Abbey National in $2 Billion Debt Offering
June 29, 2005
Cleary Gottlieb represented Abbey National Treasury Services plc in its offering of $2 billion floating rate notes due 2007, guaranteed by Abbey National plc. The offering is a takedown from Abbey National’s $7 billion shelf registration statement.
Abbey, the second largest provider of mortgages and savings in the U.K., has retail, commercial and wholesale banking operations and provides wealth-management and insurance services.