Lloyds lays down pricing marker with first public deal from NRF bank

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By Tyler Davies
04 Jul 2019

Lloyds made its first public sale of debt from its non-ringfenced bank on Thursday, pricing the senior bonds about 16bp tighter than similar instruments from the group’s holding company.

Lloyds Bank Corporate Markets has only recently established an EMTN programme, which it took on a roadshow from Monday to Wednesday this week.

A day later the issuer opened books on its first public offering using the programme, announcing plans for a five year senior deal in the ...

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