Lloyds issue triggers pricing debate

March 10, 2010 12:00 am

A Eu600m 2-1/2 year issue for Norway’s Terra Boligkreditt kick-started covered bond issuance this week, with Lloyds TSB and SpareBank 1 Boligkreditt following with deals. The pricing of Lloyds’s inaugural Regulated Covered Bond left some market participants disappointed by the level, although not all for the same reason.

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