Lloyds and Dexia buck trend while Caixa Nova lingers

March 11, 2009 12:00 am

Lloyds Banking Group and Dexia Crédit Local have bucked the recent trend in the government guaranteed market and attracted vast order books for their transactions, allowing for a tight pricing. Not all issuers are having such luck as Caixa Nova will likely find out this week when it starts marketing its deal. The issuer is expected to price wider than recent Spanish issuers with the unconfirmed talk being 85bp-90bp over. To find out more about these issues, reads EuroWeek this week

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