Lloyds TSB Bank

20 Nov 2009

Rating: Aa3/A+/A-

Amount: Eu1.5bn

Maturity: 26 November 2012

Issue/re-offer price: 99.683

Coupon: 3.25%

Spread at re-offer: 125bp over mid-swaps; 170.5bp over the Bund

Launched: Wednesday 18 November

Payment date: 26 November

Joint books: BNP Paribas, Deutsche Bank, Lloyds CM, UniCredit

Bookrunners’ comment:

This was a somewhat opportunistic trade and a drive-by which came about as a ...

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