Lloyds Banking Group plc issued $1.25 billion of 5.511% Senior Callable Fixed to Fixed Rate Notes due 2030 and $1.5 billion of 5.715% Senior Callable Fixed to Fixed Rate Notes due 2032.
The associated underwriting agreement is being filed solely for incorporation into the bank’s Form F-3ASR registration statement.
Lloyds Banking Group plc is offering $1,250,000,000 of 5.511% senior callable fixed-to-fixed rate notes due 2030 and $1,500,000,000 of 5.715% notes due 2032. The initial annual rates apply through November 11, 2029, for the 2030 notes and November 11, 2031, for the 2032 notes; after those dates, each rate resets to the applicable U.S. Treasury Rate plus 0.880% or 1.030%, respectively. Interest is payable semi-annually. Estimated net proceeds of $2,743,954,350 are intended for general corporate purposes.
Lloyds may redeem each series in full on its specified first call date—November 12, 2029, for the 2030 notes and November 12, 2031, for the 2032 notes—subject to any required regulatory notice and permission. The notes are unsecured and unsubordinated, but are effectively subordinated to secured indebtedness. Holders agree to U.K. bail-in powers that may reduce or cancel principal or interest, convert them into other securities, or alter maturity or payment terms.
Lloyds Banking Group plc reported that Nathan Bostock, a Non-Executive Director, acquired 50,000 ordinary shares on November 2, 2026, at 94.944 pence per share. The transaction took place on the London Stock Exchange; the shares are ordinary shares of 10 pence each.
Lloyds Banking Group plc (LYG) is offering, on preliminary terms, three series of senior notes: fixed-to-fixed notes due 2030 and 2032, and floating-rate notes due 2030. The fixed-rate notes pay interest semiannually and reset in November 2029 and November 2031, respectively, to the applicable U.S. Treasury Rate plus a spread. The floating-rate notes pay quarterly at the SOFR Index Average plus a spread, subject to a 0.00% minimum rate.
The notes are unsecured, unsubordinated obligations ranking pari passu with the issuer’s other unsecured, unsubordinated obligations, subject to mandatory-law exceptions. The issuer may redeem the 2030 fixed-rate and floating-rate notes in November 2029 and the 2032 fixed-rate notes in November 2031, in each case in whole but not in part, with 5 to 30 business days’ prior written notice and subject to any required regulatory permission. Holders consent to U.K. bail-in powers that may write down or cancel principal or interest, convert them into securities, or change payment terms. Net proceeds are intended for general corporate purposes. Notes are issued in denominations of $200,000 and integral multiples of $1,000 above that.
Lloyds Banking Group plc issued and admitted 5,116,320 ordinary shares of 10p each to trading from October 1 through October 30, 2026, inclusive, to satisfy awards under its share plans. The number of shares admitted to trading following the issuance was 57,262,647,007 as of close of business on October 30, 2026.
Lloyds Banking Group plc (LYG) reports that Non-Executive Director Danuta Gray acquired 41,375 ordinary shares of 10 pence each on October 30, 2026, at an average price of 95.7362 pence per share. The acquisition comprised two reported tranches: 40,375 shares at GBP 0.95744 per share and 1,000 shares at GBP 0.9542 per share, on the London Stock Exchange.
Lloyds Banking Group plc purchased ordinary shares through Goldman Sachs International under its existing share buyback programme, following company instructions announced on July 31, 2026. From October 26 through October 30, 2026, daily purchases were 4,975,717; 5,000,000; 8,000,000; 43,947,479; and 50,400,000 shares, respectively. The company intends to cancel the repurchased shares.
Lloyds Banking Group plc reported 57,262,647,007 ordinary shares with voting rights exercisable in all circumstances at general meetings as of October 30, 2026. The total includes shares represented by American Depositary Receipts, and no shares were held in treasury. Shareholders may use this figure as the denominator for determining whether FCA rules require them to notify an interest or a change in interest.
Lloyds Banking Group plc reported consolidated total capitalisation and indebtedness of £150.657 billion as of September 30, 2026, including £45.971 billion of total equity and £104.686 billion of total indebtedness.
Debt securities totaled £96.282 billion and subordinated liabilities were £8.404 billion. As of September 30, 2026, all indebtedness was unsecured except for £21.9 billion of securitisation notes and covered bonds and £1.4 billion of debt securities issued by the Group’s asset-backed conduits. There have been no issuances or redemptions of subordinated liabilities, debt securities or other equity instruments since September 30, 2026, and no material change in the table information since then.
Lloyds Banking Group plc reported unaudited results for the nine months ended September 30, 2026, with profit before tax of £6,625 million, 42% higher than a year earlier. Total income rose 13% to £16,084 million, while profit after tax was £4,835 million, compared with £3,322 million; earnings per share were 7.6 pence versus 4.8 pence. Operating expenses fell 5% to £8,533 million, primarily reflecting a lower remediation charge.
Net interest income increased 10% to £10,827 million, reflecting higher average interest-earning assets and margin, including increased structural hedge income, partly offset by mortgage margin compression and competition for deposits. Other income rose 18% to £5,257 million. The impairment charge increased to £926 million from £619 million, due to adverse model updates and Retail balance-sheet growth, alongside lower one-off provision releases in Commercial Banking.
At September 30, 2026, total assets were £995,140 million and risk-weighted assets were £247,362 million. The common equity tier 1 capital ratio was 13.3%, down from 14.0% at December 31, 2025; the total capital ratio was 17.9%, versus 18.9%. Customer deposits were £502,777 million, compared with £496,457 million at December 31, 2025.