Lloyds Banking Group Issues $1B in AT1 Securities
Ticker: LLOBF · Form: 6-K · Filed: Nov 3, 2025 · CIK: 1160106
| Field | Detail |
|---|---|
| Company | Lloyds Banking Group PLC (LLOBF) |
| Form Type | 6-K |
| Filed Date | Nov 3, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $1,000,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, capital-raise, regulatory-filing, financial-instruments
TL;DR
Lloyds just dropped $1B in AT1 bonds, boosting their capital stack.
AI Summary
On November 3, 2025, Lloyds Banking Group plc announced the issuance of $1,000,000,000 in Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities. This filing is a report of this issuance under the Securities Exchange Act of 1934.
Why It Matters
This issuance impacts Lloyds Banking Group's capital structure and regulatory compliance, potentially influencing its financial stability and ability to absorb losses.
Risk Assessment
Risk Level: medium — The issuance of Additional Tier 1 (AT1) securities carries inherent risks due to their contingent convertible nature and potential for write-downs or conversion into equity under certain stress scenarios.
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.)
Key Players & Entities
- Lloyds Banking Group plc (company) — Issuer of securities
- $1,000,000,000 (dollar_amount) — Aggregate principal amount of securities issued
- November 3, 2025 (date) — Date of the filing and issuance announcement
FAQ
What type of securities did Lloyds Banking Group issue?
Lloyds Banking Group plc issued $1,000,000,000 aggregate principal amount of Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities.
What is the total principal amount of the issuance?
The total principal amount of the issuance is $1,000,000,000.
What is the filing date of this report?
This Form 6-K was filed as of November 3, 2025.
What is the purpose of this Form 6-K filing?
This Form 6-K is filed in connection with the issuance by Lloyds Banking Group plc of $1,000,000,000 aggregate principal amount of Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities.
Does Lloyds Banking Group file annual reports under Form 20-F?
Yes, the filing indicates that Lloyds Banking Group plc files annual reports under cover of Form 20-F.
Filing Stats: 296 words · 1 min read · ~1 pages · Grade level 15.8 · Accepted 2025-11-03 14:29:30
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
- dp236794_6k.htm (6-K) — 11KB
- dp236794_ex0401.htm (EX-4.1) — 565KB
- dp236794_ex0501.htm (EX-5.1) — 14KB
- dp236794_ex0502.htm (EX-5.2) — 14KB
- image_001.jpg (GRAPHIC) — 2KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000950103-25-014141.txt ( ) — 612KB
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: November 3, 2025 By: /s/ Kristofer Middleton Name: Kristofer Middleton Title: Head of Term Issuance and Capital Structuring