LLoyds TSB Bank has raised a total of $4.75 billion in a two-part sale of notes, Reuters reports. The senior bonds worth $2.25 billion, which carry a coupon rate of 4.87%, will mature on Jan. 21, 2016.
The unit of Lloyds TSB Group has also sold bonds worth $2.5 billion, which carry a coupon rate of 6.37% and will mature on Jan. 21, 2021. The joint book-running managers for the sale were Bank of America Merrill Lynch, Barclays and Goldman Sachs.
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