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Lloyds to price 10.05% real-denominated notes payable in dollars
By Angela McDaniels
Tacoma, Wash., July 13 - Lloyds TSB Bank plc plans to price 10.05% Brazilian real-denominated notes due July 28, 2015, according to a 424B5 filing with the Securities and Exchange Commission.
The annual interest payments and the payment at maturity will be made in dollars. The payments will be converted at the exchange rate then in effect. If the real has strengthened relative to the dollar, the payment will increase.
Morgan Stanley & Co. LLC is the agent.
The notes will be issued on July 28. They will be guaranteed by Lloyds Banking Group plc, a banking and financial services company based in London.
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