Citi,Lloyds offer deals ahead of September rush

27 Aug 2009

Citigroup and Lloyds were praised for bringing constructive senior unsecured transactions to market this week, with the US bank selling a £500m 30 year deal and the UK institution issuing Eu1.5bn of 10 year paper.

Citigroup and Lloyds were praised for bringing constructive senior unsecured transactions to market this week, with the US bank selling a £500m 30 year deal and the UK institution issuing Eu1.5bn of 10 year paper.

Citigroup sold its sterling transaction at 335bp over the Gilt, tapping into sterling demand ...

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