Lloyds Banking Group Plc has priced a A$450 million 10-year fixed rate senior unsecured note. It is rated A3 (stable) by Moody's, BBB+ (negative) by Standard & Poor's and A+ (stable) by Fitch. The new bond has a coupon of 4.25 per cent and an issue price of 99.116 per cent. It yields 4.36 per cent, which equates to 167 basis points over semi-quarterly coupon matched asset swap. Settlement date is November 22, with final maturity of November 22, 2027. Joint lead managers are ANZ, NAB, Nomura, TD Securities and Westpac. The Australian Prudential Regulation Authority has appointed Mark Adams as executive general manager of its specialised institutions division. APRA said he has "extensive experience in the finance sector in Australia and the UK". This included 17 years at National Australia Bank in "a number of executive positions … across a variety of business lines", before leaving to consult in the technology sector. Adams replaces Ben Gully, who resigned from APRA to return to Canada for personal reasons. Adams' appointment takes effect from 4 December 2017. Rabobank NZ CEO Daryl Johnson is stepping down from December 22, and a search has begun for a new CEO for the specialist rural lender. An Australian import, Johnson has only been in the role since July last year.