Source - Alliance News

Lloyds Banking Group PLC - UK mortgage lender and financial services - Through subsidiary Lloyds Bank PLC, launches tender offer to repurchase any and all £750.0 million 7.625% notes due 2025.

Tender offer is part of the group's continuous review and management of its outstanding capital base.

Tender offer is expected to be settled on August 16.

Current stock price: 45.08 pence

12-month change: down 3.2%

Copyright 2022 Alliance News Limited. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.