Lloyds files 6-K to add underwriting pact for 2031/2036 notes

Rhea-AI Filing Summary

Lloyds Banking Group plc filed a Form 6-K to furnish an underwriting agreement related to newly issued senior notes, incorporated into its automatic shelf registration on Form F-3ASR. The filing ties to three issuances: $1,500,000,000 of 4.425% Senior Callable Fixed to Fixed Rate Notes due 2031, $1,250,000,000 of 4.943% Senior Callable Fixed to Fixed Rate Notes due 2036, and $300,000,000 of Senior Callable Floating Rate Notes due 2031.

The exhibit listed is the underwriting agreement dated October 28, 2025. The report was signed by Kristofer Middleton, Head of Term Issuance and Capital Structuring.

Insights

Debt capital markets analyst

Administrative 6-K furnishing the underwriting agreement for recent note issuances.

Lloyds Banking Group reports three senior callable note issuances and furnishes the underwriting agreement via Form 6-K for incorporation into its Form F-3ASR. The tranches include $1,500,000,000 at 4.425% due 2031, $1,250,000,000 at 4.943% due 2036, and a $300,000,000 floating-rate tranche due 2031.

This is largely procedural disclosure. It identifies coupon rates, maturities, and callable features, but does not detail pricing concessions, net proceeds, or covenant terms in the excerpt. Any balance sheet or interest expense effects would depend on full terms and prevailing market conditions.

The underwriting agreement is dated October 28, 2025. Subsequent filings may provide additional details such as settlement, allocation, and any make-whole or call schedule specifics.

FORM 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer Pursuant to Rule 13a-16 OR 15d-16 UNDER the Securities Exchange Act of 1934

For October 29, 2025

Commission File Number: 001-15246

LLOYDS BANKING GROUP PLC
33 Old Broad Street

London EC2N 1HZ
United Kingdom

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F __X__ Form 40-F _____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

EXPLANATORY NOTE

In connection with the issuance by Lloyds Banking Group plc of (i) $1,500,000,000 aggregate principal amount of 4.425% Senior Callable Fixed to Fixed Rate Notes due 2031, (ii) $1,250,000,000 aggregate principal amount of 4.943% Senior Callable Fixed to Fixed Rate Notes due 2036 and (iii) $300,000,000 aggregate principal amount of Senior Callable Floating Rate Notes due 2031, Lloyds Banking Group plc is filing the following document solely for incorporation into the Registration Statement on Form F-3ASR (File No. 333-287829):

Exhibit List

Exhibit No.		Description
1.1		Underwriting Agreement for the 4.425% Senior Callable Fixed to Fixed Rate Notes due 2031, 4.943% Senior Callable Fixed to Fixed Rate Notes due 2036 and Senior Callable Floating Rate Notes due 2031, dated as of October 28, 2025

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			LLOYDS BANKING GROUP PLC (Registrant)
Dated:	October 29, 2025		By:	/s/ Kristofer Middleton
				Name:	Kristofer Middleton
				Title:	Head of Term Issuance and Capital Structuring

FAQ

What did LYG file on this Form 6-K?

It furnished an underwriting agreement for recent senior note issuances, for incorporation into its Form F-3ASR.

What securities are referenced in the LYG 6-K?

Senior callable notes: $1,500,000,000 4.425% due 2031; $1,250,000,000 4.943% due 2036; and $300,000,000 floating rate due 2031.

What is the purpose of the exhibit in the 6-K?

To incorporate the underwriting agreement for the three senior note tranches into the registration statement.

Are the notes callable and what are the types?

Yes. Two are Senior Callable Fixed to Fixed Rate Notes (2031 and 2036) and one is a Senior Callable Floating Rate Note (2031).

Who signed the report for LYG and what is their title?

Kristofer Middleton, Head of Term Issuance and Capital Structuring.

What is the date of the underwriting agreement?

October 28, 2025.