Lloyd's £500m bond issue oversubscribed
Lloyd's of London has raised £500m from a 10-year sterling Tier 2 bond after attracting almost a £1bn of orders.
After strong investor interest generated by managers Barclays, Citigroup and RBS, the pricing of the Lloyd's bond was fixed at Gilts plus 268bp.
Lloyd's is replacing a £300m (21 year non-call 11) bond
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