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Lloyds Bank marketing 7yr euro covered, guidance MS+4 area

Reuters - UK Focus

By Julian Baker

LONDON, March 15 (IFR) -

* Guidance MS+4 area, benchmark size, tbp today. Due 26 Mar 2025 (soft bullet), pay 26 Mar, English law, London listing, 100k/1k denoms, Reg S bearer (NGN). Lloyds is B&D. (7:58am)

Lloyds Bank plc (Ticker: LLOYDS) has mandated BBVA (LSE: 931474.L - news) , ING, LBBW, Lloyds Bank and SG CIB for a 7yr euro covered benchmark. ECBC Covered Bond Label Compliant. Expected Aaa/AAA by Moody's/Fitch. Guarantor is Lloyds Bank Covered Bonds LLP. (7:58am)