Lloyds Bank

Anthony Bryson, CEO, Lloyds Bank Capital Markets Wertpapierhandelsbank, FrankfurtWilliam Mansfield, CEO & Country Head, Lloyds Bank North America, New York

Banks are looking at next five weeks to raise anything from deeply subordinated capital to senior debt

◆ Insurance companies continue to pump tier two capital this week ◆ Banks opt for the most subordinated debt funding in dollars ◆ Small Smaller French insurer receives 8.8 subscription ratio despite French assets widening

Trade receivables securitisation, receivables purchase, and invoice financing are powerful funding tools that open up new avenues for efficiency.

◆ Debut deal spotted tighter in secondary ◆ Some investors keen to get lines in place for future issues ◆ Buyers fine with unusual structure

◆ Record size, record book and record investor offers ◆ UK financial year syndication target 80% complete ◆ Demand diversity ‘very notable’

◆ DMO completes hefty chunk of syndication target ◆ Record size, record book ◆ Demand for 15 year 'encompasses a broad range of investors'

Wide breadth of choices is enabling investors to be picky

Bankers split on expectations as ‘everyone has been in the market’

UK bank's second foray into the subordinated Aussie bond market

◆ Report examined if eight major UK banks could enter resolution safely ◆ One bank singled out for a ‘shortcoming’ ◆ ‘Areas for enhancements’ identified in five

Central bank rate cuts could unlock asset rotation into riskier parts of the capital structure