Lloyds Banking Group PLC has announced the redemption of its 3.870% Senior Callable Fixed-to-Fixed Rate Notes due 2025. The redemption date is set for July 9, 2024, at which point the outstanding notes will be redeemed at 100% of their principal amount, along with any accrued but unpaid interest. The listing of the notes on the New York Stock Exchange will be cancelled on or shortly after the redemption date.
Holders may surrender the notes and obtain payment of the redemption price at The Bank of New York Mellon, London Branch. On the redemption date, the redemption price will become due and payable, and interest on the notes will cease to accrue. The Group will deposit with the Trustee or a Paying Agent an amount of money sufficient to pay the total redemption price of each of the notes before the redemption date.
For further information regarding the redemption of the notes, individuals can contact Group Corporate Treasury, including Claire-Elizabeth Padley, Managing Director Capital and Term Funding, and Pascale Dorey, Debt Investor Relations.
The announcement also includes a disclaimer regarding the CUSIP number assigned to the issue, stating that neither Lloyds Banking Group PLC nor the Trustee is responsible for the selection or use of this CUSIP number. Additionally, it is noted that the announcement contains forward-looking statements.