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Published on 6/8/2020 in the Prospect News Investment Grade Daily.

Lloyds Banking to sell fixed-to-fixed rate senior notes due 2023

By Devika Patel

Knoxville, Tenn., June 8 – Lloyds Banking Group plc intends to offer fixed-to-fixed rate senior notes due June 2023, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are callable at par in June 2022.

Goldman Sachs & Co. LLC, Lloyds Securities Inc. and Morgan Stanley & Co. LLC are the bookrunners.

The London bank and financial services group plans to use the proceeds from this offering for general corporate purposes.


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