Here are the 424B prospectus supplements from Lloyds Bnkng Pref 9.25% (LLOBF) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow LLOBF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LLOBF filings page.
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 (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.