Lloyds readies new brand of SRI bond as ‘ethical’ demand grows

By Graham Bippart
26 Jun 2014

Lloyds is looking to sell, as early as next week, what would be the first socially responsible investment (SRI) debt from a UK bank in what it’s calling an environmental, social and governance (ESG) bond, highlighting not only the increasing demand for ethical investments, but differences of opinion on how such investments should be defined.

The bank set up one-on-one meetings with investors for the self-led deal on Wednesday, followed by group presentations in Edinburgh on Thursday, and will end with presentations in London on Friday and Monday before potentially launching early next week.

The bond ...

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