Lloyds Banking plans callable fixed-to-fixed rate notes due 2029

Chicago, Feb. 27 – Lloyds Banking Group plc is offering dollar-denominated senior callable fixed-to-fixed rate notes due 2029, according to a 424B2 filing with the Securities and Exchange Commission on Monday morning.

The rate will reset in March 2028, when the notes will also be callable at par.

Lloyds Securities Inc., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC are listed as joint bookrunners.

Bank of New York Mellon, London Branch will be the trustee.

Lloyds is using in-house counsel and Davis Polk & Wardwell London LLP. The bookrunners are relying on Allen & Overy LLP for legal counsel.

Proceeds will be used for general corporate purposes.

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

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