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Best mortgage deals of the week

As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

Lloyds Banking Group sizes Tier 2 at EUR750m

Reuters - UK Focus

By Julian Baker

LONDON, Feb 28 (IFR) -

* Final terms: EUR750m at MS+130. Books around EUR950m. Allocs and pricing to follow. (1:50pm)

* Books EUR850m+ and subject at 12:45pm. Spread set at MS+130. (12:08pm)

* IPTs 5.5yr MS+135 area, benchmark size, tbp today. Due 7 Sep (Shanghai: 600021.SS - news) 2028, call 7 Sep 2023 (at par), pay 7 Mar, EMTN docs, English law, London listing, 100k/1k denoms, Reg S bearer (NGN). (9:14am)

Lloyds Banking Group plc (Ticker: LLOYDS), rated A3/BBB+/A+, has mandated Lloyds Bank as sole bookrunner for a euro benchmark 10.5NC5.5 dated Subordinated Tier 2 Notes issue. Expected issue ratings Baa1/BBB-/A-. Joint leads (no books) Barclays (LSE: BARC.L - news) , CA CIB, Citi. Target market: MiFID II professionals/ECPs-only. Inducements: Lloyds is earning a customary fee. (9:14am)