LONDON -(Dow Jones)- U.K. lender Lloyds TSB Bank PLC, part of Lloyds Banking Group PLC (LYG), has priced its GBP1.4 billion, five-year bond at 55 basis points over gilts, the bank said Wednesday. The bond is being issued under the U.K. government's National Loan Guarantee Scheme, set up to provide cheaper funding for small and medium-size companies. Lloyds was lead manager of the sale. The terms of the transaction are as follows: Amount: GBP 1.4 billion Maturity: May 2, 2017 Coupon: 1.5% Reoffer Price: 99.397 Payment Date: May 2, 2012 Spread: 55 basis points over gilts Debt Ratings: Aaa (Moody's) AAA (Standard & Poor's) AAA (Fitch) Denominations: GBP100,000 Listing: London Interest: Annual - By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236; Sarka.Halasova@dowjones.com
