Yorkshire Building Society gets bondholder OK to remove S&P as rating agency for 4% covered bonds

By Susanna Moon

Chicago, July 20 - Yorkshire Building Society said holders of its €1.5 billion 4% series 1 covered bonds due 2011 approved removing Standard & Poor's from the issuer's covered bond program.

The meeting was held Tuesday.

Barclays Bank plc (attn.: liability management group, fax +44 20 7773 8990 or e-mail eu.lm@barcap.com) and HSBC Bank plc (attn.: liability management group, +44 20 7991 1444 or e-mail liability.management@hsbcib.com) were the solicitation agents.

Lucid Issuer Services Ltd. (attn.: Lee Pellicci/David Shilson, +44 20 7704 0880 or e-mail yorkshirebs@lucid-is.com) was the tabulation agent.

Yorkshire Building Society provides mortgages, savings, personal loans and brokerage services and is based in Bradford, England.

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