Lloyds Bank pricing benchmark three-, five-year notes on Monday

By Aleesia Forni

Virginia Beach, Aug. 10 – Lloyds Bank plc is planning to price a benchmark three-tranche offering of senior notes (A1/A/A) on Monday, according to a market source and a 424B2 filed with the Securities and Exchange Commission.

The offering includes fixed-rate and floating-rate notes due 2018, as well as notes due 2020.

BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co., Lloyds Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets LLC are the bookrunners for the three-year tranches.

The notes are guaranteed by Lloyds Banking Group plc.

Proceeds will be used for general corporate purposes.

The retail bank is based in London.

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