Lloyds Banking Group to delist 2027 notes from NYSE
Lloyds Banking Group plc is removing two debt securities from listing and registration on the New York Stock Exchange.
Rhea-AI Filing Summary
Lloyds Banking Group plc is removing two debt securities from listing and registration on the New York Stock Exchange. The affected securities are its 5.985% Fixed Rate Notes due 2027 and its Floating Rate Notes due 2027. The New York Stock Exchange LLC certifies that it has complied with its own rules under 17 CFR 240.12d2-2(b) to strike these classes from listing, and that the issuer has complied with exchange rules and 17 CFR 240.12d2-2(c) governing voluntary withdrawal from listing and registration under Section 12(b) of the Securities Exchange Act of 1934.
Positive
- None.
Negative
- None.
Key Figures
Fixed coupon rate: 5.985%
Maturity year of notes: 2027
SEC rule reference: 17 CFR 240.12d2-2(b)
+1 more
4 metrics
Fixed coupon rate
5.985%
Fixed Rate Notes due 2027 being removed from NYSE listing
Maturity year of notes
2027
Both Fixed Rate and Floating Rate Notes due 2027 affected by delisting
SEC rule reference
17 CFR 240.12d2-2(b)
Rule cited for exchange compliance in striking securities from listing
SEC rule reference
17 CFR 240.12d2-2(c)
Rule cited for issuer’s voluntary withdrawal from listing and registration
Key Terms
Form 25, Section 12(b), 17 CFR 240.12d2-2(b), 17 CFR 240.12d2-2(c), +1 more
5 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) regulatory
"removal from listing and/or registration under Section 12(b) of the Securities"
Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.
17 CFR 240.12d2-2(b) regulatory
"Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules"
17 CFR 240.12d2-2(c) regulatory
"requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal"
Floating Rate Notes financial
"5.985% Fixed Rate Notes due 2027; Floating Rate Notes due 2027"
Floating rate notes are debt securities that pay interest that adjusts periodically based on a short-term interest benchmark (for example, LIBOR or SOFR), so the cash interest you receive goes up or down with market rates. For investors they act like an adjustable-rate loan: they help protect income when overall interest rates rise and generally lose less value than fixed-rate bonds when rates move, making them useful for managing interest-rate risk.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What securities of LYG are being removed from the New York Stock Exchange?
Lloyds Banking Group plc is removing its 5.985% Fixed Rate Notes due 2027 and its Floating Rate Notes due 2027 from listing and registration on the New York Stock Exchange.
What is the purpose of this Form 25 filing for LYG?
The Form 25 filing notifies that Lloyds Banking Group plc and the New York Stock Exchange LLC are removing two classes of notes due 2027 from listing and registration under Section 12(b) of the Securities Exchange Act of 1934.
Which exchange rules are referenced for LYG’s delisting of its notes?
The filing states the NYSE has complied with its rules and with 17 CFR 240.12d2-2(b), and that Lloyds Banking Group plc has complied with exchange rules and 17 CFR 240.12d2-2(c) for voluntary withdrawal.
What are the key terms of one of LYG’s notes being delisted?
One affected security is a 5.985% Fixed Rate Note due 2027, meaning it carries a fixed annual interest rate of 5.985% and matures in 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
