Lloyds Samurai secures shelf but stays small
Lloyds TSB Bank sold its debut Samurai bonds on Wednesday, raising ¥33.4bn ($403m). Despite a widening in credit spreads since it filed the documentation, and pricing at the wide end of guidance, the issuer achieved a funding cost inside its euro and dollar curves.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts