Aman Rakkar

Amit Goel

Benjamin Caven-Roberts

Benjamin Toms

Christopher Cant

Guy Stebbings

Edward Hugo Firth

Jason Napier

Jonathan Richard Pierce

Andrew Coombs

Edward Firth

Jonathan Pierce

Robin Down

Sheel Shah

- Lloyds Banking Group plc announced the issuance of **$1,500,000,000** aggregate principal amount of **4.425% Senior Callable Fixed to Fixed Rate Notes due 2031**.  **[1160106_0000950103-25-013794_dp236470_6k.htm:0]** 
- The company is also issuing **$1,250,000,000** aggregate principal amount of **4.943% Senior Callable Fixed to Fixed Rate Notes due 2036**.  **[1160106_0000950103-25-013794_dp236470_6k.htm:0]** 
- An additional **$300,000,000** aggregate principal amount of **Senior Callable Floating Rate Notes due 2031** are being issued.  **[1160106_0000950103-25-013794_dp236470_6k.htm:0]** 
- These debt offerings are part of an **Underwriting Agreement dated October 28, 2025**.  **[1160106_0000950103-25-013794_dp236470_ex0101.htm:0]** **[1160106_0000950103-25-013794_dp236470_6k.htm:0]**

Lloyds Banking Group plc announces **senior debt issuance**

- Lloyds Banking Group plc entered into an underwriting agreement on **October 27, 2025**, for the issuance and sale of **$1,000,000,000 Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Contingent Convertible Securities**.  **[1160106_0000950103-25-013728_dp236396_ex0101.htm:0]** 
- The underwriting group includes **BofA Securities, Inc., Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC**, among others.  **[1160106_0000950103-25-013728_dp236396_ex0101.htm:0]** 
- These capital securities are convertible into the ordinary shares of the Company and are expected to be listed on a "recognised stock exchange" or admitted to trading on a "multilateral trading facility" prior to the first payment date.  **[1160106_0000950103-25-013728_dp236396_ex0101.htm:1]** **[1160106_0000950103-25-013728_dp236396_ex0101.htm:11]** 
- The company's audited consolidated financial statements for the financial years ended **December 31, 2024, 2023, and 2022** were prepared in accordance with International Financial Reporting Standards.  **[1160106_0000950103-25-013728_dp236396_ex0101.htm:4]**

Lloyds Banking Group plc Enters Underwriting Agreement for $1 Billion Capital Securities

- Lloyds Banking Group plc has assessed the implications of the Financial Conduct Authority's (FCA) proposed industry-wide redress scheme for motor finance, following a Supreme Court judgment on August 1, 2025.  **[1160106_0001654954-25-011690_a0755d.htm:0]** 
- The Group intends to take an **additional charge of £800 million** due to the increased likelihood of more historical cases being eligible for redress and a higher level of redress than previously anticipated.  **[1160106_0001654954-25-011690_a0755d.htm:0]** 
- This additional charge brings the **total provision for motor finance issues to £1.95 billion**, which includes both redress and operational costs (calculated as **£1.15 billion** existing provision + **£0.80 billion** additional charge).  **[1160106_0001654954-25-011690_a0755d.htm:0]** 
- The Group disagrees with the FCA's proposed redress methodology, stating it does not reflect actual customer loss or align with legal clarity, and plans to make representations to the FCA.  **[1160106_0001654954-25-011690_a0755d.htm:0]**

Lloyds Banking Group Announces Additional Motor Finance Provision

- Lloyds Banking Group has completed the **full acquisition** of **Schroders Personal Wealth (SPW)**, acquiring the remaining **49.9%** of share capital from Schroders in exchange for its **19.1% stake in Cazenove Capital**, with **no cash consideration** involved.  **[1160106_0001654954-25-011590_a6448c.htm:0]** 
- SPW, which will be rebranded as **Lloyds Wealth**, manages approximately **£17 billion** in assets under administration for around **60,000 clients** and generated an operating profit of approximately **£45 million** in the first half of **2025**.  **[1160106_0001654954-25-011590_a6448c.htm:0]** 
- The acquisition is not expected to have a **material financial impact** or alter full-year guidance, though Group operating costs for **2025** are now projected to **modestly exceed** the guidance of approximately **£9.7 billion** due to associated costs.  **[1160106_0001654954-25-011590_a6448c.htm:0]**

Lloyds Banking Group Completes Full Acquisition of Schroders Personal Wealth

- Lloyds Banking Group (LYG) projects the UK economy will experience **1% to 1.5% GDP growth** in the next period, characterized as resilient but slow-growth, while the bank aims to grow faster by focusing on high-growth sectors.  **[1160106_2145054_0]** 
- The company is on track to meet its 2026 financial targets, including **greater than 200 bps of capital** and **greater than 15% Return on Tangible Equity (RoTE)**, supported by approximately **30% revenue growth** and **8% to 10% annual growth in other operating income**.  **[1160106_2145054_2]** 
- LYG has provisioned **£1.15 billion** for motor finance remediation, and following the Supreme Court judgment, is comfortable that no material update is currently needed, anticipating further clarity from the FCA's consultation.  **[1160106_2145054_5]** 
- Capital allocation prioritizes distribution, with a consistent **15% CAGR in sustainable dividends** and share buybacks, alongside profitable balance sheet expansion and infill M&A for strategic capabilities.  **[1160106_2145054_8]** 
- The bank is leveraging technology with **800 AI models live**, including generative AI, and plans to further integrate agentic AI to drive productivity and new growth opportunities in its strategy beyond 2026.  **[1160106_2145054_10]** **[1160106_2145054_14]**