Lloyds shapes up for LT2 as FIG rallies on
Lloyds TSB Bank issued the first lower tier two deal from a UK bank with government support this week. It demonstrated the borrower’s rehabilitation and — along with Nordea Bank which also this week priced a lower tier two deal — the strength of appetite for the subordinated product in a resurgent financial institutions market.
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