Lloyds eyes favourable terms in capital clear-out
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Lloyds eyes favourable terms in capital clear-out

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Lloyds Bank is looking to buy back one of its more costly perpetual tier one capital instruments, after its valuation collapsed in March. The move took some market participants by surprise, since it would have been approved by UK authorities, which are at the same time insisting that the country's banks conserve their capital levels during the coronavirus crisis.

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