Lloyds Prices Record-Sterling Covered Bond

04 Feb 2011

Lloyds TSB has launched the longest and biggest sterling covered bond transaction ever in the U.K.—a £1.25 billion ($2.01 billion), 18-year deal.

Lloyds TSB has launched the longest and biggest sterling covered bond transaction ever in the U.K.—a £1.25 billion ($2.01 billion), 18-year deal. The issue eclipses a 15-year bond offered by Nationwide recently, and received support from domestic pension funds and insurance companies looking for a longer duration. Lloyds, ...

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