Lloyds accepts £421.36 million of tier 1 securities for repurchase

By Mary-Katherine Stinson

Lexington, Ky., March 31 – Lloyds Banking Group plc announced results of its purchase program for £1,494,392,000 7.625% fixed-rate reset additional tier 1 perpetual subordinated contingent convertible securities callable 2023 (ISIN: XS1043552188), according to a notice.

As of the closing time for the purchase period of the program, £421,363,000 had been accepted for repurchase.

Following the settlement, £1,073,029,000 will be outstanding.

Lloyds Bank Corporate Markets plc and UBS AG London Branch served as managers.

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

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