Lloyds hits rare six year tenor in tightly priced yen deal
Lloyds sold two tranches of holding company level senior debt in the yen market on Thursday, including a rare and tightly priced six year portion.
The UK issuer printed ¥45.5bn ($404m) across the two tranches, through Daiwa, Mitsubishi, Mizuho, Nomuraand SMBC Nikko, raising ¥37.7bn ($334m) from the six year deal and ¥7.7bn ($70m) from the 10 year bond.It is rare for banks to raise six year funding in the yen market — they ...
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