Lloyds Banking Group PLC said on Tuesday it issued a notice of redemption for the entire outstanding amount of a notes issue.

The redemption notice concerns its $1.00 billion 1.326% senior callable fixed-to-fixed rate notes, which are due in 2023.

They will be redeemed on June 15, 2022, at an amount equal to the principal amount, plus any unpaid interest.

Lloyds shares were up 0.8% at 42.68 pence each on Tuesday morning in London.

In the three months to March 31, Lloyds recorded a pretax profit of £1.62 billion, falling from the £1.90 billion seen a year earlier.

Copyright 2022 Alliance News Limited. All Rights Reserved