HBOS next in line after Barclays
HBOS is lining up the next UK state guaranteed transaction this week having opened books for a two year transaction at 20bp area over mid-swaps. Indications of interest stood at Eu2bn this morning when guidance was announced. Barclays Capital, BNP Paribas, HSBC and Lloyds TSB are bookrunners. Read EuroWeek on Friday for all the reaction to the deal.
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