Lloyds Bank expected to price one-year floaters at Libor plus 35 bps

By Cristal Cody

Tupelo, Miss., Jan. 29 – Lloyds Bank plc plans to price an offering of floating-rate senior notes due Feb. 6, 2017, according to a 424B2 filing with the Securities and Exchange Commission on Friday.

The series A medium-term notes are expected to price at par with a spread of Libor plus 35 basis points.

Lloyds Securities Inc. is the bookrunner.

The notes are fully and unconditionally guaranteed by Lloyds Banking Group plc.

Lloyds Bank is a bank and financial services group based in London.

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