Lloyds TSB Bank To Price 8-Yr Covered Bond At Swaps +1.45

16th Jun 2010 13:33

LONDON (Dow Jones)--The U.K.'s Lloyds TSB Bank has set final guidance on 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. This is in line with earlier guidance on the deal. BNP Paribas SA, HSBC Holdings Plc, Lloyds and Unicredit SpA are lead managers of the deal, which is expected to launch and price later Wednesday with a coupon of around 4%. -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires June 16, 2010 08:33 ET (12:33 GMT)