SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
23 May 2024
LLOYDS BANKING GROUP plc
(Translation
of registrant's name into English)
5th Floor
25 Gresham Street
London
EC2V 7HN
United Kingdom
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover Form 20-F or Form 40-F.
Form
20-F..X.. Form 40-F
Index
to Exhibits
Item
No.
1 Regulatory News Service Announcement, 23 May 2024
re: Notice
of Redemption
Redemption of 3.870% Senior
Callable Fixed-to-Fixed Rate Notes due 2025
Lloyds Banking Group plc
$1,500,000,000 3.870% Senior Callable Fixed-to-Fixed Rate
Notes due 2025 (CUSIP: 53944YAL7, ISIN: US53944YAL74, Common
Code: 212218812)
May 23, 2024. Lloyds Banking
Group plc (the "Group") announces that it has issued a notice of
redemption for the entire outstanding principal amount of its 3.870
% Senior Callable Fixed-to-Fixed Rate Notes due 2025
(the "Notes"). A notice of redemption pursuant to the terms of
the Senior Debt Securities Indenture dated July 6, 2010 as amended
and supplemented by the Eleventh Supplemental Indenture dated April
9, 2020 governing the Notes (the "Indenture) has been distributed to The Bank of New York
Mellon, acting through its London Branch, as Trustee (the
"Trustee").
The outstanding Notes will be redeemed on July 9, 2024 (the
"Redemption
Date") at an amount equal to
100% of their principal amount, together with any accrued but
unpaid interest to, but excluding, the Redemption Date (the
"Redemption
Price"). Accordingly, the
listing of the Notes on the New York Stock Exchange will be
cancelled on, or shortly after, July 9, 2024.
The location where Holders may surrender the Notes and obtain
payment of the Redemption Price is The Bank of New York Mellon,
London Branch, 160 Queen Victoria Street, London EC4V 4LA, United
Kingdom, Attn: Corporate Trust Administration,
Email: corpsov4@bnymellon.com
On the Redemption Date, the Redemption Price will become due and
payable and interest on the Notes will cease to accrue. Before the
Redemption Date, the Group will irrevocably deposit with the
Trustee or with a Paying Agent an amount of money sufficient to pay
the total Redemption Price of each of the Notes. When the Group
makes such a deposit, all rights of holders of the Notes will
cease, except the holders' rights to receive the Redemption Price,
but without interest, and the Notes will no longer be
outstanding.
For further information in relation to the redemption of the Notes,
please contact:
Group Corporate Treasury:
Claire-Elizabeth Padley
Managing Director Capital and Term Funding
Telephone: +44 (0)7385 032858
Pascale Dorey
Debt Investor Relations
Telephone: +44 (0)7384 240296
*This CUSIP number has been assigned to this issue by a
third-party, and is included solely for the convenience of the
Holders of the Notes. Neither Lloyds Banking Group plc nor the
Trustee shall be responsible for the selection or use of this CUSIP
number, nor is any representation made as to its correctness on the
Notes or as indicated in any redemption notice.
Forward Looking Statements
This document contains certain forward-looking statements within
the meaning of Section 21E of the US Securities Exchange Act of
1934, as amended, and section 27A of the US Securities Act of 1933,
as amended, with respect to the business, strategy, plans and/or
results of Lloyds Banking Group plc together with its subsidiaries
(the Group) and its current goals and expectations. Statements that
are not historical or current facts, including statements about the
Group's or its directors' and/or management's beliefs and
expectations, are forward-looking statements. Words such as,
without limitation, 'believes', 'achieves', 'anticipates',
'estimates', 'expects', 'targets', 'should', 'intends', 'aims',
'projects', 'plans', 'potential', 'will', 'would', 'could',
'considered', 'likely', 'may', 'seek', 'estimate', 'probability',
'goal', 'objective', 'deliver', 'endeavour', 'prospects',
'optimistic' and similar expressions or variations on these
expressions are intended to identify forward-looking statements.
These statements concern or may affect future matters, including
but not limited to: projections or expectations of the Group's
future financial position, including profit attributable to
shareholders, provisions, economic profit, dividends, capital
structure, portfolios, net interest margin, capital ratios,
liquidity, risk-weighted assets (RWAs), expenditures or any other
financial items or ratios; litigation, regulatory and governmental
investigations; the Group's future financial performance; the level
and extent of future impairments and write-downs; the Group's ESG
targets and/or commitments; statements of plans, objectives or
goals of the Group or its management and other statements that are
not historical fact and statements of assumptions underlying such
statements. By their nature, forward-looking statements involve
risk and uncertainty because they relate to events and depend upon
circumstances that will or may occur in the future. Factors that
could cause actual business, strategy, targets, plans and/or
results (including but not limited to the payment of dividends) to
differ materially from forward-looking statements include, but are
not limited to: general economic and business conditions in the UK
and internationally; acts of hostility or terrorism and responses
to those acts, or other such events; geopolitical unpredictability;
the war between Russia and Ukraine; the conflicts in the Middle
East; the tensions between China and Taiwan; political instability
including as a result of any UK general election; market related
risks, trends and developments; changes in client and consumer
behaviour and demand; exposure to counterparty risk; the ability to
access sufficient sources of capital, liquidity and funding when
required; changes to the Group's credit ratings; fluctuations in
interest rates, inflation, exchange rates, stock markets and
currencies; volatility in credit markets; volatility in the price
of the Group's securities; tightening of monetary policy in
jurisdictions in which the Group operates; natural pandemic and
other disasters; risks concerning borrower and counterparty credit
quality; risks affecting insurance business and defined benefit
pension schemes; changes in laws, regulations, practices and
accounting standards or taxation; changes to regulatory capital or
liquidity requirements and similar contingencies; the policies and
actions of governmental or regulatory authorities or courts
together with any resulting impact on the future structure of the
Group; risks associated with the Group's compliance with a wide
range of laws and regulations; assessment related to resolution
planning requirements; risks related to regulatory actions which
may be taken in the event of a bank or Group failure; exposure to
legal, regulatory or competition proceedings, investigations or
complaints; failure to comply with anti-money laundering, counter
terrorist financing, anti-bribery and sanctions regulations;
failure to prevent or detect any illegal or improper activities;
operational risks including risks as a result of the failure of
third party suppliers; conduct risk; technological changes and
risks to the security of IT and operational infrastructure,
systems, data and information resulting from increased threat of
cyber and other attacks; technological failure; inadequate or
failed internal or external processes or systems; risks relating to
ESG matters, such as climate change (and achieving climate change
ambitions) and decarbonisation, including the Group's ability along
with the government and other stakeholders to measure, manage and
mitigate the impacts of climate change effectively, and human
rights issues; the impact of competitive conditions; failure to
attract, retain and develop high calibre talent; the ability to
achieve strategic objectives; the ability to derive cost savings
and other benefits including, but without limitation, as a result
of any acquisitions, disposals and other strategic transactions;
inability to capture accurately the expected value from
acquisitions; assumptions and estimates that form the basis of the
Group's financial statements; and potential changes in dividend
policy. A number of these influences and factors are beyond the
Group's control. Please refer to the latest Annual Report on Form
20-F filed by Lloyds Banking Group plc with the US Securities and
Exchange Commission (the SEC), which is available on the SEC's
website at www.sec.gov, for a discussion of certain factors and
risks. Lloyds Banking Group plc may also make or disclose written
and/or oral forward-looking statements in other written materials
and in oral statements made by the directors, officers or employees
of Lloyds Banking Group plc to third parties, including financial
analysts. Except as required by any applicable law or regulation,
the forward-looking statements contained in this document are made
as of today's date, and the Group expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained in this
document whether as a result of new information, future events or
otherwise. The information, statements and opinions contained in
this document do not constitute a public offer under any applicable
law or an offer to sell any securities or financial instruments or
any advice or recommendation with respect to such securities or
financial instruments.
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
LLOYDS
BANKING GROUP plc
(Registrant)
By: Douglas
Radcliffe
Name: Douglas
Radcliffe
Title: Group
Investor Relations Director
Date: 23
May 2024
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