Orthodox Osborne plays safe on £17bn Lloyds privatisation

The UK Chancellor of the Exchequer this week signalled the start of preparations for a £5bn or larger institutional placement of Lloyds Banking Group shares which could come later this year or early in 2014. A vanilla deal that takes the government to within one shot of disposing of its 39% stake, which could be worth £17bn, is possible at the breakeven price, say ECM bankers.

  • By Andrew Griffin
  • 20 Jun 2013

Banks are likely to be asked to participate in an appointment process soon so that an adviser can be in place in time for a trade to be ready after the summer break. 

“We are actively considering options for share sales in Lloyds,” said George Osborne in his ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%