Lloyds Banking Group plc, founded in 1765 and headquartered in London, is a prominent financial services institution in the UK dedicated to supporting personal and commercial banking needs. The group operates under well-known brands such as Lloyds Bank, Halifax, and Bank of Scotland, offering a wide range of products including current and savings accounts, mortgages, and insurance services.
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Lloyds Banking Group has been an active participant in the bond market, first issuing bonds in the 1980s. Notably, in 2014, the group issued £1.5 billion of senior unsecured notes, reflecting their strong creditworthiness and strategic funding needs following the financial crisis. As of October 2023, their corporate bonds yield around 4%, which is competitive compared to the industry average of approximately 3.8%. The group has also introduced green bonds to finance sustainable projects, further diversifying their bond portfolio and appealing to eco-conscious investors.