London Stock Exchange welcomes Lloyds Bank Corporate Markets as it celebrates its inaugural bond issuance

On the morning of 2 August 2019, Lloyds Bank Corporate Markets, the non-ring fenced division of Lloyds Banking Group, opened the London Stock Exchange, to celebrate the launch of its inaugural bond issuance.

In early July, Lloyds Bank Corporate Markets issued a £500m 5-Year GBP Senior Unsecured Bond as part of its Euro Medium Term Note (EMTN) Programme. The £10bn EMTN programme is part of its strategy to create a diversified and sustainable funding plan, and to ensure Lloyds Bank Corporate Markets can continue to support its clients, whilst lowering funding costs. This programme has been launched just a year after Lloyds Bank Corporate Markets was established, as part of the UK regulatory requirements for banks to create non-ring fenced divisions separate from the ring-fenced bank.

Mark Grant, CEO Lloyds Bank Corporate Markets, commented:
"We are delighted to have successfully issued our inaugural bond, which comes just a year after Lloyds Bank Corporate Markets went live; this is the first of many issuances. Investors were enthusiastic about the emergence of another LBG issuing entity and this was reflected in the depth of investor coverage and ultimately the success of this bond".

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
32,788.15
Listing/Admission to trading
24 Nov 2003
Looking for new and recent issues?

More recent

33.32
London Stock Exchange welcomes HydrogenOne Capital Growth plc to the Premium Segment of the Main Market

HydrogenOne Capital Growth plc, the first London listed hydrogen fund, offers growth potential in clean hydrogen and related technologies. The Company offers investors diversified exposure to private equity and listed hydrogen companies on an international basis. The Company has today listed on the premium segment of London Stock Exchange's main market and qualifies for the Green Economy Mark.<

Learn more
London Stock Exchange welcomes Seplat Energy’s Capital Markets Day

Seplat Energy has today opened London Stock Exchange trading at an official Market Opening ceremony. 

Seplat Energy is a leading independent energy company operating in the prolific Niger Delta area of Nigeria and a leading supplier of processed gas to the domestic market. In 2014 the company completed the first ever dual listing on both the London Stock Exchange (LSEG) and

Learn more
London Stock Exchange welcomes Spinnaker Acquisitions Plc to the Main Market

Spinnaker Acquisitions Plc (“SPAQ”) is a newly established purpose-built cash shell aiming to support businesses and projects in the areas of Sustainability and Energy Transition. With interest in the green economy as keen as it is currently, the objective is to find a business valued at £5–30M with strong profit potential and likely market appetite. 

SPAQ is a company co-founded

Learn more
London Stock Exchange welcomes BIG TECHNOLOGIES PLC to AIM

Big Technologies PLC, the UK-based, remote people monitoring technology company, has today taken the next step in its long-term growth strategy as it is admitted to AIM of London Stock Exchange. It is now trading on AIM, having raised gross proceeds in excess of £200 million, with ticker BIG. At the placing price of 200p per share, Big Technologies PLC has a market capitalisation of £577 millio

Learn more