On October 7, 99.84% of voting investors in Lloyds’ covered bonds series 2018-3 consented to convert the applicable interest basis from Libor to Sonia. 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 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 .