Lloyds looks at short end on return to Aussie dollars
Lloyds Banking Group has returned to the Aussie dollar market for the first time since May 2018, offering investors the chance to invest in two tranches of senior debt at the operating company level. The issuer follows a wave of European and UK financial institutions making their way down under.
Lloyds began marketing its pair of three year senior bonds on Thursday. It was taking orders at initial price thoughts of 90bp over Aussie dollar swaps (BBSW) for the fixed rate tranche, and at the same margin over three month BBSW for the floating rate portion.ANZ, ...
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