Lloyds reopens sterling fixed rate

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Lloyds reopens sterling fixed rate

Lloyds Bank plc returned to the sterling covered bond market for the second time this year to issue the first fixed rate deal in the UK currency since 2012 on Friday. Following the long run of three year floaters the issuer priced a seven year, which benefitted from new ICMA guidelines, applied for the first time to sterling covered bonds.

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