By Cristal Cody
Tupelo, Miss., Aug. 9 – Lloyds Banking Group plc priced $3 billion of non-callable senior notes (A3/BBB+/A+) in two tranches on Thursday, according to an FWP filing with the Securities and Exchange Commission.
The company sold $1.75 billion of 4.05% five-year notes at 99.973 to yield 4.056%, or a spread of Treasuries plus 125 basis points.
It also priced $1.25 billion tranche of 4.55% 10-year notes at 99.698 to yield 4.588%. The notes were placed with a spread of 165 bps over Treasuries.
Barclays, Citigroup Global Markets Inc., Lloyds Securities Inc. and RBC Capital Markets, LLC were the bookrunners on the five-year notes.
Barclays, Citigroup Global Markets, Lloyds Securities and UBS Securities LLC were the bookrunners for the 10-year notes.
Proceeds from the deal will be used for general corporate purposes.
Lloyds Banking Group is a bank and financial services company based in London.
| Issuer: | Lloyds Banking Group plc
|
| Amount: | $3 billion
|
| Description: | Senior notes
|
| Trade date: | Aug. 9
|
| Settlement date: | Aug. 16
|
| Ratings: | Moody’s: A3
|
| S&P: BBB+
|
| Fitch: A+
|
| Distribution: | SEC registered
|
|
|
| Five-year notes
|
| Amount: | $1.75 billion
|
| Maturity: | Aug. 16, 2023
|
| Bookrunners: | Barclays, Citigroup Global Markets Inc., Lloyds Securities Inc. and RBC Capital Markets, LLC
|
| Coupon: | 4.05%
|
| Price: | 99.973
|
| Yield: | 4.056%
|
| Spread: | Treasuries plus 125 bps
|
| Call feature: | Non-callable
|
|
|
| Ten-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Aug. 16, 2028
|
| Bookrunners: | Barclays, Citigroup Global Markets Inc., Lloyds Securities Inc. and UBS Securities LLC
|
| Coupon: | 4.55%
|
| Price: | 99.698
|
| Yield: | 4.588%
|
| Spread: | Treasuries plus 165 bps
|
| Call feature: | Non-callable
|
|
|
|
|
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