Lloyds reprices covered bonds and shows the way
Lloyds returned to covered bonds on Wednesday for its annual benchmark in euros. At €1.5bn, the five year was one of the largest this year, and with a book of over €2.5bn, it was one of the most heavily oversubscribed. The strong result was a testimony to the generous new issue premium which catalysed switching interest and caused a healthy repricing of the curve.
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