Lloyds returns to take £1bn in floating rate covereds

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Lloyds returns to take £1bn in floating rate covereds

Lloyds
London, United Kingdom. 20th February 2012 -- The Lloyds Banking Group sign at the Gresham Street head office of Lloyds Banking Group on the day that it is expected that bonuses will be clawed back from bosses at Lloyds. -- Lloyds Banking Group is set to claw back bonuses from former directors and executives, worth about 2 million of previously awarded share bonuses. Lloyds Banking Group claws back bonuses from Bosses | Craig Shepheard / Demotix/Demotix/Press Association Images

Lloyds Bank tapped the covered bond market for a three year floating rate deal on Monday, the fourth year in a row that it has issued the instrument in early January.

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