Lloyds Banking Group redeems 2.438% Senior Notes due 2026
Ticker: LLOBF · Form: 6-K · Filed: Dec 19, 2024 · CIK: 1160106
| Field | Detail |
|---|---|
| Company | Lloyds Banking Group PLC (LLOBF) |
| Form Type | 6-K |
| Filed Date | Dec 19, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-redemption, notes, financials
Related Tickers: LLOY
TL;DR
Lloyds is calling back its 2026 notes, paying par plus interest.
AI Summary
On December 19, 2024, Lloyds Banking Group plc announced the redemption of its 2.438% Senior Callable Fixed-to-Fixed Rate Notes due 2026. The redemption price for these notes will be 100% of the principal amount, plus accrued interest.
Why It Matters
This action indicates the company is managing its debt obligations, potentially refinancing at lower rates or optimizing its capital structure.
Risk Assessment
Risk Level: low — This is a routine debt management action by a large financial institution and does not present immediate new risks.
Key Numbers
- 2.438% — Interest Rate (Coupon rate on the notes being redeemed)
Key Players & Entities
- Lloyds Banking Group plc (company) — Issuer of the press release and the notes
- 2.438% Senior Callable Fixed-to-Fixed Rate Notes due 2026 (debt_instrument) — Notes being redeemed
- December 19, 2024 (date) — Date of the press release and redemption announcement
FAQ
What is the principal amount of the notes being redeemed?
The filing does not specify the principal amount of the notes being redeemed, only the interest rate and maturity date.
What is the exact redemption date for the notes?
The filing announces the redemption but does not specify the exact redemption date, only that it is being redeemed.
What is the reason for the redemption?
The filing states the redemption is occurring but does not provide a specific reason, though it is typical for debt management.
Will there be any early redemption fees or penalties?
The filing states the redemption price will be 100% of the principal amount plus accrued interest, implying no additional penalties beyond standard accrued interest.
What is the CUSIP number for these notes?
The CUSIP number for the 2.438% Senior Callable Fixed-to-Fixed Rate Notes due 2026 is not provided in this filing.
Filing Stats: 245 words · 1 min read · ~1 pages · Grade level 12.7 · Accepted 2024-12-19 06:10:40
Filing Documents
- dp222315_6k.htm (6-K) — 10KB
- dp222315_ex9901.htm (EX-99.1) — 15KB
- image_001.jpg (GRAPHIC) — 7KB
- 0000950103-24-017963.txt ( ) — 36KB
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) By: /s/ Kris Middleton Name: Kris Middleton Title: Head of Term Issuance and Capital Structuring Date: December 19, 2024 Exhibit Index Exhibit Description of Exhibit 99.1 Press release dated December 19, 2024