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Report: Lloyds issues £1B in 7-year fixed-rate notes

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Report: Lloyds issues £1B in 7-year fixed-rate notes

Lloyds Banking Group Plc issued a £1 billion international bond with a maturity of 7 years, Cbonds reported.

The notes are due Oct. 16, 2024, and carry a coupon of 2.25%, according to the Oct. 10 report.

Lloyds Banking Group served as the sole book runner on the deal, while Clearstream Banking SA and Euroclear Bank acted as depositories.