Lloyds to sell two fixed-to-fixed notes, one floating-rate note

Chicago, Jan. 2 – Lloyds Banking Group plc is offering three senior notes, according to a 424B2 filing with the Securities and Exchange Commission.

The bank is offering two senior callable fixed-to-fixed rate notes with maturities in 2028 and 2035. There is also a tranche of senior callable floating-rate notes due 2029 on offer.

The reset dates on both fixed-to-fixed rate notes are one year before the respective maturity dates.

Each of the notes is callable at par, in whole, one year before their maturity date.

J.P. Morgan Securities LLC, Lloyds Securities Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and TD Securities (USA) LLC are listed as joint bookrunners for the two notes due in 2028.

BofA Securities, Inc., Lloyds Securities Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC are joint bookrunners for the notes due in 2035.

CIBC World Markets Corp. is the co-manager.

Bank of New York Mellon will be the trustee.

Davis Polk & Wardwell LLP and CMS Cameron McKenna Nabarro Olswang LLP are listed as counsel for the issuer. Allen & Overy LLP is advising the underwriters.

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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