Lloyds Banking to redeem $1 billion 0.695% senior notes due 2024

By Mary-Katherine Stinson

Lexington, Ky., March 24 – Lloyds Banking Group plc will redeem the entire outstanding amount of its $1 billion 0.695% senior callable fixed-to-fixed rate notes due 2024 (Cusip: 53944YAN3), according to a press release and a 6-K filing with the Securities and Exchange Commission.

The notes will be redeemed at par plus accrued interest on May 11.

Bank of New York Mellon, acting through its London Branch, is the trustee.

The notes will be canceled and delisted from the New York Stock Exchange shortly after redemption.

The retail and commercial bank is based in Edinburgh with operational headquarters in London.

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