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Lloyds Banking Group to Redeem $1 Billion Senior Notes Early

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Lloyds Banking Group to Redeem $1 Billion Senior Notes Early

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Lloyds Banking ( (GB:LLOY) ) has issued an announcement.

Lloyds Banking Group plc announced the redemption of its $1 billion 3.511% Senior Callable Fixed-to-Fixed Rate Notes due in 2026. This financial move involves redeeming the notes at their principal amount along with any accrued interest by March 18, 2025, effectively ending the listing of these notes on the New York Stock Exchange. This measure is part of the group’s strategic financial management, potentially impacting its financial liabilities and market operations.

More about Lloyds Banking

Lloyds Banking Group plc is a major UK-based financial services organization, primarily serving the banking sector. The group offers a variety of financial products and services, focusing on personal and business banking, insurance, and wealth management across the UK market.

YTD Price Performance: 13.80%

Average Trading Volume: 147,940,877

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £37.84B

Find detailed analytics on LLOY stock on TipRanks’ Stock Analysis page.

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