Advertisement
UK markets open in 7 hours 49 minutes

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • CRUDE OIL

    83.45
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,335.80
    -6.30 (-0.27%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • Bitcoin GBP

    53,202.25
    -744.44 (-1.38%)
     

  • CMC Crypto 200

    1,428.06
    +13.30 (+0.94%)
     

  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Lloyds total books EUR1.6bn+, guidance MS+50 area and MS+60

Reuters - UK Focus

(Fixes coding)

By Julian Baker

LONDON, Jan 8 (IFR) -

* 6NC5 books over EUR1.3bn, guidance MS+50 area. Tap (Shenzhen: 002826.SZ - news) books around EUR300m, spread set at MS+60. Books subject at 11:30am. (11:01am)

* 6NC5 benchmark at 5yr MS+55/+60 IPTs, Sep (Shanghai: 600021.SS - news) 2027 tap at MS+65 area. Pricing today. Due 15 Jan 2024 and 12 Sep 2027, call 15 Jan 2023 on 6NC5, pay 15 Jan on both, EMTN docs, English law, London listing, 100k/1k denoms, Reg S bearer (NGN). Coupon on 6NC5 switches to 1yr MS+xx if not called. (8:27am)

Lloyds Banking Group plc has mandated Lloyds Bank as sole bookrunner for a 6NC5 euro holdco benchmark and a tap of its EUR750m 1.5% Sep 2027s (temp ISIN XS1749365281, 40-day funge with XS1681050610). Joint leads (no books) CA CIB, DB, MS. Expected ratings A3/BBB+/A+ (all stable). (8:27am)