Lloyds Banking Group PLC - FTSE 100-listed bank - Launches offer to exchange selected sterling denominated subordinated securities, totalling around GBP2.0 billion outstanding. Lloyds offering investors to exchange tier one and tier two notes in exchange for new tier two notes maturing in 2035.
Current stock price: 35.59 pence
Year-to-date change: down 40p
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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