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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
LLOYDS
Lloyds Bank PLC$1,500
1EMEA
Aug 18, 2026
currency
USD
size (m)
1,500.000
maturity
Aug 25, 2029
type
Fixed
tenor
3.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
Aaa
s&p
-
fitch
AAA
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-2
guidance
Set at SOFR MS+40; SOFR MS+42 area
spread
40
coupon
4.478%
spread set
-
price
99.31000
yield
4.257%
book size (m)
2,200
peak book (m)
2,200
x-covered
1.47
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,200
peak book (m)
2,200
x-covered
1.47
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2200; Registration: Reg S Only; Comments: UST 4 ¼ 08/15/29 [US91282CRG86] | HR: 100%. LEI: H7FNTJ4851HG0EXQ1Z70;
Guarantor(s)
Lloyds Bank Covered Bonds LLP
Relative Value

COMPS

Ticker

Ratings

Amt.

Cpn

Mat.

Issue Dt

T+ mid

z+ mid

NWIDE

-/AAA/AAA

1500

3.996

Apr-29

Apr-26

16

35

CBAAU

Aaa/-/AAA

1750

4.011

Apr-29

Apr-26

17

36

DBSSP

Aaa/-/AAA

2000

4.486

Jun-29

Jun-26

18

36

BMO

Aaa/-/AAA

2000

4.359

Jul-29

Jul-26

18

36