Lloyds Banking Group Issues $1B in AT1 Securities
Ticker: LLOBF · Form: 6-K · Filed: Sep 27, 2024 · CIK: 1160106
| Field | Detail |
|---|---|
| Company | Lloyds Banking Group PLC (LLOBF) |
| Form Type | 6-K |
| Filed Date | Sep 27, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $1,000,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, capital-raise, financial-instrument
TL;DR
Lloyds dropped $1B in new AT1 bonds on 3/7/23.
AI Summary
Lloyds Banking Group plc announced the issuance of $1,000,000,000 in Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities on March 7, 2023. This filing is a report of a foreign private issuer providing information related to this issuance.
Why It Matters
This issuance impacts the company's capital structure and regulatory compliance, potentially influencing investor confidence and its ability to absorb losses.
Risk Assessment
Risk Level: low — This is a routine filing reporting on a debt issuance, not indicating new operational or financial distress.
Key Numbers
- $1.0B — Securities Issued (Represents the total principal amount of Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities issued by Lloyds Banking Group plc.)
Key Players & Entities
- Lloyds Banking Group plc (company) — Issuer of securities
- $1,000,000,000 (dollar_amount) — Aggregate principal amount of securities issued
- March 7, 2023 (date) — Date of the securities issuance
FAQ
What is the purpose of filing this Form 6-K?
The Form 6-K is being filed by Lloyds Banking Group plc to report on the issuance of $1,000,000,000 in Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities.
What type of securities did Lloyds Banking Group plc issue?
Lloyds Banking Group plc issued Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities.
On what date was this issuance reported?
The issuance was reported in connection with the Form 6-K filed for March 7, 2023.
What is the aggregate principal amount of the securities issued?
The aggregate principal amount of the securities issued is $1,000,000,000.
Is Lloyds Banking Group plc a US-based company?
No, Lloyds Banking Group plc is a foreign private issuer, as indicated by the Form 6-K filing and its principal executive offices located in London, United Kingdom.
Filing Stats: 249 words · 1 min read · ~1 pages · Grade level 16.6 · Accepted 2024-09-27 16:49:35
Key Financial Figures
- $1,000,000,000 — issuance by Lloyds Banking Group plc of $1,000,000,000 aggregate principal amount of Fixed Rat
Filing Documents
- dp218544_6k.htm (6-K) — 9KB
- dp218544_ex0101.htm (EX-1.1) — 240KB
- 0000950103-24-014118.txt ( ) — 250KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. LLOYDS BANKING GROUP PLC (Registrant) Dated: September 27, 2024 By: /s/ Kristofer Middleton Name: Kristofer Middleton Title: Head of Term Issuance and Capital Structuring