Lloyds Bank

ICBC Standard Bank has hired a well-known syndicate banker to run primary debt markets in EMEA, a new role at the bank.

Keval Shah has been promoted to head of bond syndicate at Lloyds Bank, GlobalCapital understands.

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David Lloyd Leisure, the UK gym and spa firm, has final replies due at close of business on Monday for its £380m loan recapitalisation.

Lloyds Bank's shares rose over 2% on Thursday after the Court of Appeal ruled a series of high coupon enhanced capital notes (ECNs) sold to retail investors in 2009 had become useless for future UK stress tests and could be called at par.

David Lloyd Leisure, the TDR Capital-owned UK gym and spa firm, and Cooper, the French pharmaceuticals distributor, widened loan pricing this week as the leveraged market became increasingly selective.

David Lloyd Leisure, the TDR Capital owned UK gym and spa firm, is widening pricing on its £380m debt offering after prospective lenders missed the Tuesday commitments deadline.

Lloyds Bank's shares rose 1.5% on Thursday after the Court of Appeal ruled a series of high coupon enhanced capital notes sold to retail investors in 2009 had become useless for future UK stress tests and could be called at par.

Cooper, the French pharmaceuticals distributor, has priced the term loan ‘B’ for its acquisition by Charterhouse at 475bp over Euribor, with an original issue discount of 99.5, the wide end of initial talk that began at 450bp.

Lloyds Banking Group printed a 30 year tier two deal as a flurry of FIG borrowers dominated the dollar market ahead of the Thanksgiving holiday.

Lloyds is set to exchange two old tier two instruments for new longer dated debt as it shifts towards holding company issuance in the wake of regulators' new emphasis on loss absorbing capital.

Lloyds is set to exchange two old tier two instruments for new longer dated debt as it shifts towards holding company issuance in the wake of regulators' new emphasis on loss absorbing capital.