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Lloyds TSB Raises $4.75B In Bond Sale
LLoyds TSB Bank has raised a total of $4.75 billion in a two-part sale of notes.
LLoyds TSB Bankhas raised a total of $4.75 billion in a two-part sale of notes,Reutersreports. The senior bonds worth $2.25 billion, which carry a coupon rate of 4.87%, will mature on Jan. 21, 2016.
The unit ofLloyds TSB Grouphas also sold bonds worth $2.5 billion, which carry a coupon rate of 6.37% and will mature on Jan. 21, 2021. The joint book-running managers for the sale wereBank of America Merrill Lynch,BarclaysandGoldman Sachs.
Click here for the story fromReuters.
Click here for additional coverage fromThe Wall Street Journal.