Lloyds increases dollar covered bond return

Lloyds 230
By Bill Thornhill
17 Jul 2019

Lloyds Bank was able to increase the size of its second dollar covered bond issued on Wednesday — its second deal in this market in the last year. In doing so, it still managed to pay a minimal new issue concession.

After appointing HSBC, Lloyds Bank, Standard Chartered and TD Securities on Tuesday, Lloyds opened order books on Wednesday for the dollar Reg S deal due July 2022 with price guidance of 38bp area over mid-swaps. 

By mid-morning the deal had attracted demand of more than ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.