By Cristal Cody
Eureka Springs, Ark., June 30 – Lloyds Banking Group plc sold $1 billion of 3.1% five-year senior notes on Thursday at 99.926 to yield 3.116%, according to an FWP filing with the Securities and Exchange Commission.
The notes (Baa1/BBB+/A+) priced with a spread of 210 basis points over Treasuries.
Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Lloyds Securities and Morgan Stanley & Co. LLC were the bookrunners.
A planned tranche of floating-rate notes was dropped from the sale.
The London-based bank plans to use the proceeds for general corporate purposes.
| Issuer: | Lloyds Banking Group plc
|
| Amount: | $1 billion
|
| Maturity: | July 6, 2021
|
| Securities: | Senior notes
|
| Bookrunners: | Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Lloyds Securities, Morgan Stanley & Co. LLC
|
| Coupon: | 3.1%
|
| Price: | 99.926
|
| Yield: | 3.116%
|
| Spread: | Treasuries plus 210 bps
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: A+
|
| Distribution: | SEC registered
|
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