New Issue: Lloyds Bank sells $100 million 18-month floating-rate notes at Libor plus 31 bps

By Cristal Cody

Tupelo, Miss., April 24 – Lloyds Bank Corporate Markets plc (A1/A/A) priced $100 million of 18-month floating-rate notes at Libor plus 31 basis points on Tuesday, according to a market source.

The London-based firm operates as a non-ring-fenced bank and is a subsidiary of Lloyds Banking Group plc.

Issuer:	Lloyds Bank Corporate Markets plc
Amount:	$100 million
Description:	Floating-rate notes
Maturity:	18 months
Coupon:	Libor plus 31 bps
Trade date:	April 23
Ratings:	Moody’s: A1
	S&P: A
	Fitch: A

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