Lloyd’s Opens First Covered Bond March 09, 2010

-- Daniel O’Leary

Lloyd’s Banking Grouping today announced it will sell its first ever covered bond to third party investors. The final size of the five-year euro denominated benchmark deal is yet to be determined. Lloyd’s, Deutsche Bank, Landesbank Baden-Württemberg and Natixis are bookrunning the deal, which opened today. Moody’s Investors Service rated the bond a provisional Aaa while ...

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