Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers 3 > Headlines for 30-year Constant Maturity Swap rate > News item |
Lloyds Bank to price floating-rate notes linked to 30-year CMS rate
By Marisa Wong
Madison, Wis., Nov. 19 – Lloyds Bank plc plans to price floating-rate notes due Nov. 26, 2024 linked to the 30-year Constant Maturity Swap rate, according to a 424B5 filing with the Securities and Exchange Commission.
The interest rate will be 77% of the 30-year CMS rate, subject to a minimum interest rate of 2% per year. Interest will be payable quarterly.
The payout at maturity will be par.
Barclays is the agent.
The notes are expected to price Nov. 21 and settle Nov. 26
The Cusip number is 5394E8CM9.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.