Lloyds Banking Group to price senior fixed-to-floaters due 2025

By Marisa Wong

Los Angeles, April 2 – Lloyds Banking Group plc plans to issue dollar-denominated senior callable fixed-to-floating rate notes due July 2025, according to a 424B2 filing with the Securities and Exchange Commission.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Lloyds Securities Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are the joint bookrunners.

The coupon will reset to a floating rate in July 2024.

Proceeds will be used for general corporate purposes.

Lloyds is a bank and financial services group based in London.

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