Lloyds draws monster order book in busy week for senior
Lloyds took centre stage in the senior unsecured FIG market this week, drawing an order book of around €7bn for a seven year bond, as it made the most of the noise surrounding regulators' plans to implement a total loss absorbing capital (TLAC) measure.
Credit Suisse, Danske Bank and Morgan Stanley all sold well received euro prints as well this week.
Sole bookrunner Lloyds priced its €1.5bn seven year at 48bp over mid-swaps, tight of guidance of 50bp-55bp and initial price thoughts of 60bp area.
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