New Issue: Lloyds prices $500 million three-year floaters at Libor plus 80 bps

By Cristal Cody

Tupelo, Miss., June 14 – Lloyds Banking Group plc priced $500 million of three-year senior floating-rate notes (A3/BBB+/A+) at par to yield Libor plus 80 basis points on Thursday, according to an FWP filing with the Securities and Exchange Commission.

J.P. Morgan Securities LLC was the bookrunner.

Lloyds Banking Group is a bank and financial services company based in London.

Issuer:	Lloyds Banking Group plc
Amount:	$500 million
Description:	Senior floating-rate notes
Maturity:	June 21, 2021
Bookrunner:	J.P. Morgan Securities LLC
Coupon:	Libor plus 80 bps
Price:	Par
Yield:	Libor plus 80 bps
Call feature:	Non-callable
Trade date:	June 14
Settlement date:	June 21
Ratings:	Moody’s: A3
	S&P: BBB+
	Fitch: A+
Distribution:	SEC registered

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