Lloyds TSB Bank Plans Sterling Benchmark 5-Year Bond

Date : 04/24/2012 @ 9:08AM
Source : Dow Jones News
Stock : Lloyds Banking Grp. Plc American Depositary Shares (LYG)
Quote : 3.66  0.04 (1.10%) @ 5:47PM

Lloyds TSB Bank Plans Sterling Benchmark 5-Year Bond

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U.K. lender Lloyds TSB Bank PLC, part of Lloyds Banking Group PLC (LYG), has planned a sterling-denominated, benchmark-size, five-year bond, the bank running the deal said Tuesday.

Lloyds is the lead manager on the transaction, which will be launched in the near future, subject to market conditions. The bond is to be executed under the UK Government's National Loan Guarantee Scheme.

Lloyds is rated Aaa by Moody's Investors Services Inc., and AAA by Fitch Ratings.

- By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236; Sarka.Halasova@dowjones.com




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