By Andrea Heisinger
New York, Jan. 21 - Lloyds TSB Bank plc priced $2 billion of three-year floating-rate notes on Friday at par to yield Libor plus 235 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes were sold in line with guidance in the Libor plus 235 bps area.
The notes (Aa3/A+/AA-) are non-callable.
Bank of America Merrill Lynch, Barclays Capital Inc. and Goldman Sachs & Co. were the bookrunners. The joint lead manager was Lloyds TSB Bank plc.
The retail bank is based in London and Edinburgh.
| Issuer: | Lloyds TSB Bank plc
|
| Issue: | Floating-rate notes
|
| Amount: | $2 billion
|
| Maturity: | Jan. 24, 2014
|
| Bookrunners: | Bank of America Merrill Lynch, Barclays Capital Inc., Goldman Sachs & Co.
|
| Joint lead manager: | Lloyds TSB Bank plc
|
| Coupon: | Three-month Libor plus 235 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 235 bps
|
| Call: | Non-callable
|
| Trade date: | Jan. 21
|
| Settlement date: | Jan. 25
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Fitch: AA-
|
| Price talk: | Libor plus 235 bps area
|
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