Clamour to exchange must-pay Lloyds notes key to future of CoCa
Lloyds Banking Group turned the concept of contingent capital into a reality this week, raising just over £7.5bn in Enhanced Capital Notes (ECNs) as part of one of the largest liability management exercises ever conducted by a bank.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts