Lloyds Said to Sell 1.25 Billion Pounds of 15-Year Covered Bonds

Lloyds Banking Group Plc (LLOY) will sell 1.25 billion pounds of 15-year covered bonds that will yield 195 basis points more than U.K. government debt, according to a banker involved in the transaction.

To contact the reporter on this story: Katie Linsell in London at klinsell@bloomberg.net

To contact the editor responsible for this story: Andrew Reierson at areierson1@bloomberg.net

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