Lloyds Banking Group to Redeem €500m Senior Floating-Rate Notes One Year Early

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

Lloyds Banking Group has exercised its call option to redeem in full its €500 million Floating Rate Senior Unsecured Callable Notes due 2027 on 5 March 2026, one year ahead of their scheduled maturity. The bank confirmed that all conditions for early redemption have been satisfied and that noteholders are not required to take any action, with the securities to be repaid at their early redemption amount plus any accrued interest, a move that forms part of the group’s ongoing capital and liability management strategy.

The most recent analyst rating on (GB:LLOY) stock is a Hold with a £106.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.

Spark’s Take on GB:LLOY Stock

According to Spark, TipRanks’ AI Analyst, GB:LLOY is a Outperform.

Lloyds Banking Group’s overall score is driven by strong technical indicators and positive earnings call sentiment, indicating robust financial performance and strategic initiatives. However, challenges in financial performance, particularly in cash flow and leverage, slightly offset these positives. The valuation is fair, with a reasonable P/E ratio and attractive dividend yield.

To see Spark’s full report on GB:LLOY stock, click here.

More about Lloyds Banking

Lloyds Banking Group is a major UK-based financial services institution, primarily operating in retail and commercial banking, wealth management, and insurance. It issues a range of debt instruments in the capital markets to support its funding needs and balance sheet management, including senior unsecured notes aimed at institutional fixed income investors.

Average Trading Volume: 151,499,496

Technical Sentiment Signal: Buy

Current Market Cap: £60.17B

For an in-depth examination of LLOY stock, go to TipRanks’ Overview page.