Lloyds to pioneer first SRI bond from a UK bank

By Nathan Collins
24 Jun 2014

Lloyds is set to become the first UK bank to sell an environmental, social and governance (ESG) bond. The money will be used to fund new lending to socially responsible causes.

Lloyds will roadshow the deal from Wednesday to Friday and is likely to launch the bond next week. 

The bond will be a sterling benchmark — likely at least £250m — and will be structured as a regular senior unsecured bond, pari passu with Lloyds’ other senior debt.

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