Lloyds draws regional demand on Samurai return
Lloyds Bank returned to the Samurai market for the first time in more than three years on Thursday with a ¥48bn ($415m) five year deal.
Daiwa, JP Morgan and Nomura led the transaction, which was priced at 11bp over yen offer-side swaps. That was in the middle of the initial guidance range of 10bp-12bp over and in line with revised guidance.
It was also, according to a lead manager, the tightest spread in ...