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GC Asia
Swiss investors snap up Lloyds
Lloyds TSB Bank returned to the Swiss franc market on Monday, following HSBC and Barclays into the currency and taking advantage of what bankers described as a bullish tone on Britain among Swiss investors.
The deal was a Sfr425m ($470m) three year, which leads Credit Suisse, Royal Bank of Scotland and UBS priced at 150bp over mid-swaps — 5bp-10bp inside where Lloyds TSB Bank’s debut Sfr800m deal was trading in the secondary market, but around a year shorter. One of the leads
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Latest news from FIG
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US banks use record markets revenues to prep for tough H2
12.00 PM -
Banks to frontload bond supply ahead of uncertainty
11.45 AM -
Best practice undermines overvalued covereds
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Moody’s shines a light on Italian covereds
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