Loan & DebtJun 25, 2026, 06:31 AM
Lloyds Banking Group to Redeem $2B Senior Callable 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 total principal amount being redeemed is $2,000,000,000. The redemption will occur on August 7, 2026, at 100% of the principal amount plus accrued interest. Following the redemption, the notes will be delisted from the New York Stock Exchange.
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.
- Total principal amount of notes being redeemed is $2,000,000,000.
- Redemption Date is August 7, 2026.
- Redemption Price is 100% of principal amount plus accrued but unpaid interest.
- Notes will be delisted from the New York Stock Exchange on or shortly after August 7, 2026.
Price Impact
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