Lloyds seeks to bolster capital with new LT2

06 Sep 2010

Lloyds TSB Bank intends to price a new dollar lower tier two benchmark later on Tuesday.

The issuer has mandated Citi, Deutsche Bank, Goldman Sachs and JPMorgan for a 10 year bullet issue which is mainly targeted to US investors.

The 144A/Reg S deal is only the third time this year that a European bank has sought to raise lower tier two capital in ...

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