Lloyds re-opens Yankee bank market

By David Rothnie
02 Apr 2020

Lloyds Banking Group became the first Yankee bank to access dollar funding for almost a month when it came to the market with a new senior deal on Thursday.

Lloyds Banking Group, rated A3/BBB+, followed up its foray into the euro market the previous week with a dollar print, launching a $1.5bn 5.25 year fixed-to-fixed rate deal at 350bp over US Treasuries.

Goldman Sachs, JP Morgan, Lloyds, Morgan Stanley and Wells Fargo were joint bookrunners.

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