Lloyds returns to Maples after six years

摘要

Lloyds banking group on Thursday successfully priced its first Maple deal in six years, achieving funding diversification by issuing seven-year bonds that were priced with just a few basis points in new-issue concession. The issuer, rated A3/BBB+/A+ by Moody's/S&P/ Fitch, priced February 2025s at a spread of 135bp over the interpolated Canadian government curve, or 138.8bp versus the sovereign's 2.50% 2024s.