The London Stock Exchange 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.
“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, says Pietro Poletto, Head of Fixed Income Markets at London Stock Exchange Group. 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.”
“We are delighted to be operating as a dedicated ORB market maker for this new Lloyds TSB bond, says Simon Fine, CEO at Shore Capital Stockbrokers. 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.”
D.C.