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Lloyds to redeem all of HBOS’s $1 billion 6.85% perpetual preferreds
By Cady Vishniac
New York, Nov. 17 – Lloyds Capital Group GP Ltd. has announced that it will redeem all of subsidiary HBOS Capital Funding No. 1 LP’s outstanding $1 billion in 6.85% guaranteed non-voting non-cumulative perpetual preferred securities (ISIN: XS0165483164), according to a Tuesday press release.
The notes will be redeemed on Dec. 23.
Lloyds is a bank and financial services group based in London.
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