Spreads of Lloyd’s subordinated debt over the London Interbank Offered Rate (LIBOR) have widened since late July as concerns over US sub-prime mortgages hit credit markets.
Lloyd's debt spreads widen in credit market turmoil
Spreads of Lloyd’s subordinated debt over the London Interbank Offered Rate (LIBOR) have widened since late July as concerns over US sub-prime mortgages hit credit markets.