Lloyds joins LM rush with jumbo £5bn T2 exchange

© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Lloyds joins LM rush with jumbo £5bn T2 exchange

Lloyds Banking Group joined the liability management stampede this week with an exchange of nearly £5bn equivalent of tier two securities approaching their call dates for new lower tier two paper.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login
  • 4,000 annual insights
  • 700+ notes and long-form analyses
  • 4 capital markets databases
  • Daily newsletters across markets and asset classes
  • 2 weekly podcasts
Gift this article