Lloyds launches 10-year benchmark Australian dollar bond

Lloyds Banking Group (Lloyds) (BBB+/A3/A+) launched a 10-year Australian dollar denominated senior-unsecured benchmark bond on 14 November. Indicative price guidance for the deal is 170 basis points area over semi-quarterly swap. Joint lead managers are ANZ, National Australia Bank, Nomura, TD Securities and Westpac Institutional Bank.