Lloyds hits rare six year tenor in tightly priced yen deal

By Tyler Davies
07 Dec 2017

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, MizuhoNomuraand 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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