Lloyds TSB Plans Euro Covered Bond Issue

15th Jun 2010 08:57

LONDON (Dow Jones)--U.K. bank Lloyds TSB Bank PLC (LYG) plans to issue a euro-denominated covered bond issue via lead managers BNP Paribas, HSBC Holdings PLC, Lloyds Bank PLC and UniCredit SpA, one of the banks said Tuesday. The deal is expected to be rated triple-A by Moody's Investor Services and Fitch Ratings and will be launched in the near future, subject to market conditions. -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires June 15, 2010 03:57 ET (07:57 GMT)

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