London Stock Exchange Welcomes Lloyds TSB Retail Bond to New Market

21 June 2010

The London Stock Exchange today welcomes a new bond issued by Lloyds TSB to trading on its Order book for Retail Bonds (ORB). The bond, which raised £75 million, offers a fixed annual rate of 5.375% and is tradable in denominations of £100, with a minimum size of £1000. Shore Capital Stockbrokers will act as dedicated ORB market maker, offering transparent, continuous two way prices on the electronic order book.

Pietro Poletto, Head of Fixed Income Markets at London Stock Exchange Group, said:

"Since we launched our new retail bond market in February this year we have seen keen interest from issuers seeking to access a wider pool of investors by issuing retail sized bonds on our platform. We are pleased that Lloyds TSB has chosen the ORB to list a bond aimed specifically at retail investors and we look forward to further issues in the future."

Simon Fine, CEO at Shore Capital Stockbrokers said:

"We are delighted to be operating as a dedicated ORB market maker for this new Lloyds TSB bond. Since the launch of the retail bond market we have provided prices for a number of corporate bonds. We look forward to continuing to work together with the London Stock Exchange to provide on-screen two-way executable prices for wide range of retail sized corporate bonds."
Launched on 1 February 2010 in response to strong private investor demand for greater access to fixed income, the new order book now offers simple, transparent access to 49 UK gilts, 24 corporate bonds and two supranational bonds all tradable in easily manageable sizes. Bonds currently available for trading include securities issued by Lloyds TSB, Tesco, BT, National Grid, GlaxoSmithKline, Unilever, Vodafone, Marks & Spencer, Kingfisher, Safeway, Morgan Stanley, GE Capital, Enterprise Inns, Royal Bank of Scotland, Wal-Mart, Provident Financial and European Investment Bank.

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