Tuesday May 13, 3:26 PM
Lloyds TSB sets guidance on euro-, dollar secs
HONG KONG, May 13 (Reuters) - Lloyds TSB , Britain's
fifth biggest bank, set guidance for its sale of euro- and
dollar-denominated fixed rate hybrid perpetual securities at
around 8 percent yield for each tranche, according to two sources
involved in the deal.
Size has not yet been determined for the capital issues, said
the sources, who are involved in the deal but are not authorised
to talk publicly about the transaction. Pricing is expected this
week.
BNP Paribas , Lloyds TSB Corporate Markets, Merrill
Lynch and UBS as lead managers for the sale.
(Reporting by Rafael Nam; Editing by Keiron Henderson)
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