Lloyds removes 1.985% 2031 subordinated debt from NYSE
Lloyds Banking Group plc (LYG) is having its 1.985% Fixed Rate Reset Subordinated Debt Securities due 2031 removed from listing and registration on the New York Stock Exchange.
Rhea-AI Filing Summary
Lloyds Banking Group plc (LYG) is having its 1.985% Fixed Rate Reset Subordinated Debt Securities due 2031 removed from listing and registration on the New York Stock Exchange. The exchange states it has complied with its rules, and Lloyds has complied with the exchange’s rules for voluntary withdrawal.
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Negative
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Key Figures
Coupon rate: 1.985%
Maturity year: 2031
Form type: Form 25
3 metrics
Coupon rate
1.985%
Fixed Rate Reset Subordinated Debt Securities due 2031 being delisted
Maturity year
2031
Fixed Rate Reset Subordinated Debt Securities affected by the Form 25
Form type
Form 25
Notification of removal from listing and/or registration under Section 12(b)
Key Terms
Form 25, Section 12(b) of the Securities Exchange Act of 1934, subordinated debt securities, voluntary withdrawal
4 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
Section 12(b) of the Securities Exchange Act of 1934 regulatory
"registration under Section 12(b) of the Securities Exchange Act"
subordinated debt securities financial
"1.985% Fixed Rate Reset Subordinated Debt Securities due 2031"
voluntary withdrawal regulatory
"governing the voluntary withdrawal of the class of securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 25 filing mean for Lloyds Banking Group plc (LYG)?
The Form 25 filing states that Lloyds Banking Group plc is removing its 1.985% Fixed Rate Reset Subordinated Debt Securities due 2031 from listing and registration on the New York Stock Exchange after complying with the exchange’s voluntary withdrawal requirements.
Which Lloyds Banking Group (LYG) securities are being delisted?
The securities being delisted are Lloyds Banking Group’s 1.985% Fixed Rate Reset Subordinated Debt Securities due 2031, which are subordinated debt instruments previously listed on the New York Stock Exchange.
Which exchange is involved in the Lloyds Banking Group (LYG) Form 25?
The filing involves the New York Stock Exchange LLC, which certifies that it has complied with its rules to strike the class of securities from listing and withdraw registration for the specified subordinated debt of Lloyds Banking Group plc.
Is the Lloyds Banking Group (LYG) delisting voluntary?
Yes. The filing states that, under 17 CFR 240.12d2-2(c), the issuer has complied with the exchange’s rules and SEC requirements governing the voluntary withdrawal of this debt security from listing and registration.
What type of security is affected for Lloyds Banking Group (LYG)?
The affected security is a class of Fixed Rate Reset Subordinated Debt Securities with a 1.985% rate and a 2031 maturity, which is being removed from listing and registration on the New York Stock Exchange.
AI-generated analysis. How Rhea-AI works. Not financial advice.