Loan & DebtJun 25, 2026, 07:06 AM
Lloyds Banking Group Redeems $1.5B Fixed-Rate & $500M Floating-Rate Notes
AI Summary
Lloyds Banking Group plc announced the redemption of its $1,500,000,000 5.985% Senior Callable Fixed-to-Fixed Rate Notes due 2027 and $500,000,000 Senior Callable Floating Rate Notes due 2027. The company issued a notice of redemption for the entire outstanding principal amount of these notes. The redemption will occur on August 7, 2026, at 100% of their principal amount, along with any accrued but unpaid interest.
Key Highlights
- Redemption of $1,500,000,000 5.985% Senior Callable Fixed-to-Fixed Rate Notes due 2027.
- Redemption of $500,000,000 Senior Callable Floating Rate Notes due 2027.
- The total outstanding principal amount of both notes will be redeemed.
- Redemption Date is set for August 7, 2026.
- Notes will be redeemed at 100% of their principal amount plus accrued unpaid interest.
- Listing of the Notes on the New York Stock Exchange will be cancelled on or after August 7, 2026.
Price Impact
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