By Cristal Cody
Tupelo, Miss., May 2 – Lloyds Banking Group plc sold $1.5 billion of 4.45% seven-year senior notes (A3/BBB+/A+) at 99.94 to yield 4.46%, according to additional details of the offering in an FWP filing early Wednesday with the Securities and Exchange Commission.
The notes, as previously reported, priced on Tuesday at a spread of 153 basis points over Treasuries, on the tight side of guidance in the Treasuries plus 155 bps area.
HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Lloyds Securities Inc. and Morgan Stanley & Co. LLC were the bookrunners.
The London bank and financial services group plans to use the proceeds for general corporate purposes.
| Issuer: | Lloyds Banking Group plc
|
| Amount: | $1.5 billion
|
| Description: | Senior notes
|
| Maturity: | May 8, 2025
|
| Bookrunners: | HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Lloyds Securities Inc. and Morgan Stanley & Co. LLC
|
| Coupon: | 4.45%
|
| Price: | 99.94
|
| Yield: | 4.46%
|
| Spread: | Treasuries plus 153 bps
|
| Trade date: | May 1
|
| Settlement date: | May 8
|
| Ratings: | Moody’s: A3
|
| S&P: BBB+
|
| Fitch: A+
|
| Distribution: | SEC registered
|
| Price talk: | Treasuries plus 155 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
