CREDIT DAYBOOK AMERICAS: Lloyds Offers Bonds for a Second Day

UK bank Lloyds is offering high-grade dollar bonds for a second day in a row, after Monday’s $1 billion sale of perpetual notes received nine times that in orders.

• Tuesday’s transaction is in as many as three parts, while Chinese e-commerce heavyweight Meituan brought its own three-tranche dollar deal to the market and is also looking to sell bonds in offshore yuan
• Firms are issuing debt ahead of Wednesday’s Federal Reserve policy statement and as the sales climate remains both attractive and relatively sanguine
  • A gauge of perceived investment-grade corporate credit risk fell to its lowest since Sept. 19 on ...