Lloyds faces Santander moment as AT1 call looms

David Freitas

May 22, 2019 12:45 pm

Lloyds_PA_230x150 — File photo dated 13/9/2016 of a sign outside a Lloyds Bank in New Street, Birmingham. Lloyds Bank is to close a further 100 branches, with the loss of over 200 jobs, said the Unite union. | Joe Giddens/PA Archive/PA Images

Lloyds is yet to confirm whether it will redeem an outstanding additional tier one (AT1) deal, callable on June 27, just as banking authorities have increased the pressure on financial institutions to justify their decisions to call such debt.

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Topics

Santander Spain Senior Debt UK Europe EMEA FIG

DF

David Freitas