Lloyds shakes up Swiss market with benchmark bond

Lloyds Banking Group entered the Swiss franc bond market on Thursday after a seven year absence.

  • By Silas Brown
  • 15 Aug 2018

Credit Suisseand UBSled the transaction, releasing initial price thoughts on Wednesday morning in the range of mid-swaps plus 95bp-100bp for March 2025 bonds, with an initial size of Sfr250m ($249.5m).

Lloyds, rated A3/BBB+/A+, did not have any outstanding Swiss bonds — which, according to one banker on ...

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