Lloyds Banking Group (LBG) filed a Form 6-K on November 3, 2025, primarily to incorporate exhibits supporting the issuance of $1,000,000,000 aggregate principal amount of Fixed Rate Reset Additional Tier 1 (AT1) Perpetual Subordinated Contingent Convertible Securities. This transaction directly supports the management and strengthening of the Group’s regulatory capital base, updating a pending Form F-3 registration.
Key Security Terms: These perpetual subordinated debt instruments carry an initial interest rate of 6.625% until the First Reset Date (September 27, 2035). Thereafter,
...