Lloyds paves the way for sterling issuance with senior deal

By David Freitas
16 Jun 2020

Lloyds Bank Corporate Markets seized the opportunity to raise senior funding in sterling on Tuesday, with the market back in 'extremely good shape' after several days of volatility. It is expected to be followed in the currency by Legal & General Group and Virgin Money, which have each announced strategic transactions this week.

The financial institutions bond market filled up with activity in euros and sterling on Tuesday.

Credit indices had shown strong performance over the course of the morning, with investors showing more risk appetite following five days of consistent spread widening.

Lloyds Bank Corporate Markets, a non-ring fenced subsidiary of 

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