Lloyds fires September opening salvo
Lloyds TSB Bank has closed books on a euro benchmark five year issue on Wednesday with market participants hoping that the deal is the opener for what will be a busy month for the senior market.
The order book which closed at midday was said to be in excess of Eu2bn at the 200bp over mid-swaps price guidance. Deutsche Bank, Lloyds CM and UBS are handling the trade.
The market is showing signs of picking up and if this goes well, we hope that
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