Lloyds to sell US$1bn 5-year senior bond Thursday
By Will Caiger-Smith
NEW YORK, June 30 (IFR) - Lloyds Banking Group (Other OTC: LLOBF - news) announced a US$1bn five-year senior unsecured bond on Thursday, the first US dollar deal from a UK bank since the country voted last week to leave the European Union.
Initial price thoughts are set in the area of 225bp over Treasuries.
Citigroup (NYSE: C - news) , HSBC, Lloyds and Morgan Stanley (Xetra: 885836 - news) are joint bookrunners. (Reporting by Will Caiger-Smith; Editing by Natalie Harrison)