By Devika Patel
Knoxville, Tenn., March 15 – Lloyds Banking Group plc priced $1.5 billion of 4.375% 10-year senior notes (A3/BBB+/A+) on Thursday at Treasuries plus 160 basis points, according to an FWP filed with the Securities and Exchange Commission.
Pricing was at 99.647 to yield 4.419%.
Citigroup Global Markets Inc., Goldman Sachs & Co., Lloyds Securities Inc. and Morgan Stanley & Co. LLC are the bookrunners.
The London bank and financial services group plans to use the proceeds from this offering for general corporate purposes.
| Issuer: | Lloyds Banking Group plc
|
| Amount: | $1.5 billion
|
| Description: | Senior unsecured notes
|
| Maturity: | March 22, 2028
|
| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co., Lloyds Securities Inc. and Morgan Stanley & Co. LLC
|
| Coupon: | 4.375%
|
| Price: | 99.647
|
| Yield: | 4.419%
|
| Spread: | Treasuries plus 160 bps
|
| Call: | Non-callable
|
| Trade date: | March 15
|
| Settlement date: | March 22
|
| Ratings: | Moody’s: A3
|
| S&P: BBB+
|
| Fitch: A+
|
| Distribution: | SEC registered
|
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