Lloyds Bank

Lloyds Bank has replaced Ian Baggott, its head of loan markets.

Daimler, the German car manufacturer, has raised more than €7bn equivalent from three different corporate bond markets within two weeks of announcing its quarterly results on April 27. The sterling market was its focus on Wednesday and it received as strong a response as it did in the other two sectors.

Daimler, the German car manufacturer, has raised more than €7bn equivalent from three different corporate bond markets within two weeks of announcing its quarterly results on April 27. The sterling market was its focus on Wednesday.

Lloyds Banking group had the dollar bond market to itself on Tuesday as it exploited the continuing strong appetite for short-end paper from investors.

Engine manufacturer Rolls-Royce returned to the European corporate bond markets on Wednesday after a break of nearly five years. The British company sold a €1.1bn dual tranche deal which extended its maturity profile in euros.

The UK’s Lloyds Banking Group is readying a subordinated tier two bond, to be issued in Singapore dollars.

Aviva said on Monday that it would offer goodwill payments to investors who lost money when trading its preference shares in March.

James Garvey, head of markets at Lloyds Bank, is retiring. His replacement has been named and will take up the reins over the summer.

Bromford Housing Association issued its first public bond on Thursday, six years after starting its capital markets voyage with a private placement.

Investors were relieved to hear on Wednesday that Lloyds Bank had no plans to cancel its "irredeemable" preference shares at par, but those invested in the market want to clarify their position under UK law.

The UK’s Financial Conduct Authority wrote to CEOs on Thursday, asking them to make sure the details of fixed income shares are understood by investors.

BMW sold one of the first two trades in the euro corporate bond market in 2018. It took until April to follow that with a five-tranche offering in the dollar market. It waited less than the week then to make its first visit to the sterling market, but found sterling investors in a similarly stubborn mood to that of euro investors.