Lloyds wraps up debut bond offering from non-ringfenced bank
Lloyds Bank Corporate Markets, the non-ringfenced arm of Lloyds Banking Group, has made its capital markets debut. The UK bank went private to place short-end paper in both fixed and floating rate formats, ahead of a debut in the public market later this week.
“Issuing private placements is additional to what the bank may do in public markets, offering us some diversification of investor and market,” said Peter Green, head of public senior funding at Lloyds.“[They also] offer us the ability to raise cheaper to deliver funding for the bank versus ...
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