Lloyds Tsb (NYSE:LYG)
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5 Years : From Jan 2013 to Jan 2018
U.K. lender Lloyds TSB Bank PLC, part of Lloyds Banking Group PLC (LYG), has priced its GBP1.4 billion, five-year bond at 55 basis points over gilts, the bank said Wednesday.
The bond is being issued under the U.K. government's National Loan Guarantee Scheme, set up to provide cheaper funding for small and medium-size companies.
Lloyds was lead manager of the sale.
The terms of the transaction are as follows:
Amount: GBP 1.4 billion
Maturity: May 2, 2017
Reoffer Price: 99.397
Payment Date: May 2, 2012
Spread: 55 basis points over gilts
Debt Ratings: Aaa (Moody's)
AAA (Standard & Poor's)
- By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236; Sarka.Halasova@dowjones.com