Lloyds launches GBP 5yr benchmark at L+25bp
By Merle Crichton
LONDON, March 20 (IFR) -
* Books over £900mm. Spread set at three-month Libor plus 25bp. Books to go subject at 12.30 UKT. B&D: Lloyds. ISIN: XS1797949937 (11:49am)
* Books over £500m (10:17am)
* Guidance 3ML+27bp area. Due March 27 2023 (soft bullet). Settle March 27 2018. Rated Aaa/AAA by Moody's/Fitch. Listed London Stock Exchange (Other OTC: LDNXF - news) . Denoms 100K+1K. Books open, today's business.
* Lloyds Bank plc has mandated HSBC, Lloyds, RBC and TD Bank to joint lead manage a sterling benchmark 5-year covered FRN (08:38am) (Reporting by Merle Crichton)