Sainsbury’s Bank Treasury manages the Bank's activities within the wholesale financial markets.
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.
Wholesale Deposits:
Sainsbury’s Bank offers Wholesale Deposits to non-retail clients, offering a fixed rate of interest for a fixed term.
- The minimum term for a deposit is 1 month.
- No early withdrawals permitted.
- The minimum deposit amount is £1,000,000.
- Not available to individual accounts.
- For information on our current rates, please contact our Front Office team.
Tier 2 Capital (Bloomberg: SBRYBK Corp <GO>)
The Bank’s results and presentations are available on the Sainsbury’s Investors portal. The information memorandum is available for 6% GBP175m Nov 2027 and 10.5% GBP120m Mar 2033.
On 19 October 2022, the Bank announced its intention to redeem all outstanding 6% GBP175m Nov 2027 Notes in full on 23 November 2022. The announcement is available here.
Credit Rating (Bloomberg: 903634Z LN Equity CRPR <GO>)
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.
Statement of Commitment to the UK Money Markets Code
Treasury Contacts
Front Office team: [email protected]
Middle Office team: [email protected]
Back Office team: [email protected]