It looks like plain sailing for Lloyds Banking Group's capital-raising plans after strong investor demand for its innovative CoCo bond issue, but other banks with similar plans may find the market isn't so sweet on a deal.

The UK group said on Monday that bond holders had snapped up an offer to exchange their existing notes for the CoCo - or contingent convertible - bonds. Indeed, demand has been so strong that the bank has expanded its original plan.

Investors may not remain sweet on CoCo bonds

Lloyds bondholders agree to swap, but other banks could struggle

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