Investors ' approval of Lloyds Bank ’s request to change the maturity basis on a covered bond to SONIA has been deemed as positive by Moody ’s . The rating agency also said the transaction worked well for the rest of the covered bond and structured finance markets .
Investors' approval of Lloyds Bank’s request to convert the interest basis on a covered bond to SONIA has been deemed credit positive by Moody’s. The rating agency also said the transaction bodes well for the rest of the covered bond and structured finance markets.