Lloyds TSB Bank Prices EUR700M 2018 4% Covered Bond At 99.196

16th Jun 2010 15:04

LONDON (Dow Jones)--The U.K.'s Lloyds TSB Bank has priced its EUR700 million, eight year, U.K.-regulated covered bond at 145 basis points over mid-swaps, one of the lead managers on the deal said Wednesday. BNP Paribas SA, HSBC Holdings Plc, Lloyds and Unicredit SpA were lead managers of the deal. Terms are as follows: Amount: EUR700 million Maturity: June 25, 2018 Coupon: 4% Reoffer Price: 99.196 Payment Date: June 25, 2010 Spread: 145 basis points over midswaps Debt Ratings: Aaa (Moody's) AAA (Fitch) Denominations: EUR50,000 and EUR1,000 thereafter Listing: London Interest: Annual -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires June 16, 2010 10:04 ET (14:04 GMT)