Lloyds Banking Group plc executed a significant capital structuring event on November 4, 2025, issuing $3.05 billion in new Senior Debt Securities under a supplemental indenture to its 2010 Indenture.
The issuance comprised three tranches:
- $1.5 billion in 4.425% Senior Callable Fixed to Fixed Rate Notes due 2031 (Resets after 2030).
- $1.25 billion in 4.943% Senior Callable Fixed to Fixed Rate Notes due 2036 (Resets after 2035).
- $300 million in Senior Callable Floating Rate Notes due 2031, indexed to SOFR Index Average plus 1.100%.
These obligations are direct, unsecured, and unsub
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