Lloyds Banking Group plc filed a Form 6-K with the U.S. Securities and Exchange Commission on November 12, 2026, disclosing the issuance of two tranches of senior callable fixed to fixed rate notes totaling $2,750,000,000 in aggregate principal amount.

Key Highlights

  • First tranche: $1,250,000,000 aggregate principal amount of 5.511% Senior Callable Fixed to Fixed Rate Notes due 2030.
  • Second tranche: $1,500,000,000 aggregate principal amount of 5.715% Senior Callable Fixed to Fixed Rate Notes due 2032.
  • Indenture: A Twenty-Fifth Supplemental Indenture to the Senior Debt Securities Indenture was dated as of November 12, 2026, with The Bank of New York Mellon acting as trustee and paying agent.
  • Registration: Documents were filed solely for incorporation into the Registration Statement on Form F-3ASR (File No. 333-287829).
  • Legal opinions: Opinions were provided by CMS Cameron McKenna Nabarro Olswang LLP and Davis Polk & Wardwell London LLP.
  • Signatory: The filing was signed by Kristofer Middleton, Head of GCT Capital Markets, on behalf of Lloyds Banking Group plc.

Lloyds Banking Group's November 2026 Dual-Tranche Senior Note Issuance

According to the filing, Lloyds Banking Group plc issued two series of senior callable fixed to fixed rate notes on November 12, 2026. The first series consists of $1,250,000,000 aggregate principal amount bearing a rate of 5.511%, maturing in 2030. The second series consists of $1,500,000,000 aggregate principal amount bearing a rate of 5.715%, maturing in 2032. Combined, the two tranches represent $2,750,000,000 in aggregate principal.

The filing disclosed that a Twenty-Fifth Supplemental Indenture to the Senior Debt Securities Indenture was entered into between Lloyds Banking Group plc, The Bank of New York Mellon (acting through its London Branch) as trustee and paying agent, and The Bank of New York Mellon SA/NV, Dublin Branch, as senior debt security registrar. This supplemental indenture is dated as of November 12, 2026, according to the filing.

The company disclosed that the documents included in the Form 6-K - comprising the supplemental indenture and legal opinions from CMS Cameron McKenna Nabarro Olswang LLP and Davis Polk & Wardwell London LLP - were filed "solely for incorporation" into the Registration Statement on Form F-3ASR (File No. 333-287829). The filing was submitted by Lloyds Banking Group plc, a foreign private issuer incorporated in the United Kingdom, whose principal executive offices are located at 33 Old Broad Street, London EC2N 1HZ.

What Was Disclosed

Lloyds Banking Group plc reported the issuance of two tranches of senior callable fixed to fixed rate notes totaling $2,750,000,000, along with the execution of a related supplemental indenture, in a Form 6-K filed November 12, 2026.