All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

One down, lots to go: UK hopes £3.2bn Lloyds sale has paved the way for more success

The UK government wrapped up its first sale of its stake in Lloyds with allocations early on Tuesday morning, after strong demand from a granular book of 250 lines had left the deal well oversubscribed. Bankers involved are hoping that a conservative approach to pricing and size — in spite of the fact that the £3.2bn deal was the biggest ever accelerated bookbuild in EMEA — has paved the way for successful subsequent sales as the government looks to sell down its remaining 33% stake.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree