Lloyds share price is in focus after Lloyds Banking Group plc gave notice that it will redeem $2.0 billion of senior callable notes on August 7, 2026. Holders of the two 2027 tranches will receive 100% of principal plus accrued but unpaid interest to, but excluding, that date, while the notes stop accruing interest once the redemption price becomes payable.
Lloyds Banking Group plc call
$1,500,000,000 of 5.985% Senior Callable Fixed-to-Fixed Rate Notes and $500,000,000 of Senior Callable Floating Rate Notes make up the full amount being taken out, both due in 2027. Lloyds Banking Group has exercised its call options on those two issues, which means the debt will be repaid early rather than left to maturity.
2027 is now a reference point, not the payoff date, for both tranches. For holders of the notes, the practical change is simple: the redemption notice fixes a date, a price, and the end of interest accrual, so the position turns into a cash payment at par plus the last day’s accrued interest.
NYSE listing after August 7
August 7, 2026 is the date that matters operationally. On or shortly after that day, the notes’ listing on the New York Stock Exchange will be cancelled, removing both debt issues from the exchange’s listed universe after the redemption is processed.
$2.0 billion in aggregate face amount is the size of the call, and the filing ties the repayment to a clean par redemption rather than a discounted buyback. That leaves the company paying full principal on both note tranches even though the filing does not state how the redemption will be funded.
Fixed Rate Notes and the cash question
100% of principal is the headline number for holders, but the funding source is the unresolved part. The company is redeeming the notes at par even though the filing does not say how the redemption will be funded, which keeps the balance-sheet effect from being fully mapped out in the notice itself.
Holders of the notes now know the timetable, the payout formula, and the listing outcome. Lloyds Banking Group plc has set August 7, 2026 as the end point for both tranches, and the remaining question is how the company chooses to meet the $2.0 billion obligation when that date arrives.
