Lloyds prices A$600 million 6NC5 senior-unsecured Kangaroo

Issuer name: Lloyds Banking Group 
Issuer rating: BBB+/A3/A
Issue rating: as issuer
Pricing date: 10 March 2023
Settlement date: 17 March 2023
Maturity date: 17 March 2029
Call date: 17 March 2028
Lead managers: ANZ, J.P. Morgan, Mizuho, National Australia Bank, Westpac Institutional Bank
Transaction type: senior-unsecured Kangaroo bond
Total volume: A$600 million (US$396.6 million)

Coupon type: fixed
Volume: A$400 million
Coupon rate: 5.802%
Issue price: par
Issue yield: 5.802%
Margin: 200bp/s-q swap

Coupon type: FRN
Volume: A$200 million
Coupon rate: 3m BBSW +200bp
Issue price: par
Margin: 200bp/3m BBSW