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Lloyds TSB Bank buys back £2 billion floating-rate covered bonds
By Melissa Kory
Cleveland, Feb. 7 - Lloyds TSB Bank plc said that it repurchased its £1 billion of series 2008-1 floating-rate covered bonds due Aug. 11, 2011 and its £1 billion of series 2008-2 floating-rate covered bonds due Aug. 5, 2012.
Following the repurchases, none of the notes remain outstanding.
The retail bank is based in London and Edinburgh, Scotland.
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