Lloyds LT2 book bulges but Nordea prints closer to senior
Bond buyers piled into fresh lower tier two supply from Nordea and Lloyds TSB Bank on Wednesday. The Lloyds order book has reached Eu5bn according to bankers away from the trade and the issuer will price a Eu1.5bn 10 year bullet deal at the refined guidance of 325bp over mid-swaps later today. Deutsche Bank, Goldman Sachs and HSBC are joint lead managers.
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