Lloyds hits rare six year tenor in tightly priced yen deal

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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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