Lloyd's looks to raise £500m in debt issue
Lloyd’s is to make its debut in the international debt markets, raising approximately £500m of long-term subordinated debt .
The proceeds of the notes will be used to enhance Lloyd's central assets for solvency purposes and are expected to be categorised as Lower Tier II capital in the Financial Services Authority's newOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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