Bloomberg News

Lloyds TSB Bank Said to Sell Euro-Denominated Covered Bonds

December 20, 2011

Dec. 20 (Bloomberg) -- Lloyds TSB Bank Plc plans to sell covered bonds in euros, according to a banker involved in the transaction.

Barclays Capital, Natixis and UniCredit SpA are managing the sale with LLoyds, the banker said. The issue will be backed by prime U.K. mortgages.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Andrew Reierson at areierson1@bloomberg.net


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