UK banks fundraise as TFS comes to an end

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UK banks fundraise as TFS comes to an end

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File photo dated 11/08/14 of the Bank of England in London, as it admits to warning UK courts of a deluge of insurer applications ahead of Brexit, having kept it private amid fears over how policyholders might react. | Yui Mok/PA Wire/PA Images

Lloyds Banking Group and Royal Bank of Scotland issued bonds this week, getting a mixed reception in the primary and secondary markets, while the Bank of England’s Term Funding Scheme (TFS) closed.

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