Lloyds ‘delivers last missing piece’ for Virgin’s debut covered bond

Jigsaw
By Bill Thornhill
16 Sep 2019

Lloyds Bank attracted a large and diverse order book for its €750m 10 year covered bond on Monday and has provided ‘the last missing piece’ for bankers working on Virgin Money’s debut euro covered bond, which is expected to be announced soon.

Lloyds Bank issued a €750m 10 year at 28bp over mid-swaps, in from 32bp initially and with almost 80 investors collectively placing orders of more than €1.5bn. 

The deal was joint lead managed by LBBW, Lloyds, Santander, UBS and UniCredit.

A banker on ...

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.