Lloyds TSB buys back £3.7bn of debt

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Lloyds TSB buys back £3.7bn of debt

Lloyds TSB and its subsidiary Bank of Scotland (BoS) have taken £3.7bn-equivalent of their own debt off the market in a multi-currency liability management exercise. The borrowers targeted securities in Canadian dollars, euros, sterling, Swiss francs and US dollars.

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